09:39     BEIJING YANHUA<00325> - Announcement (4)                            

    despatched on or before Tuesday, 17th May 2005 but in any event           
    within 10 days from the date of withdrawal of the Beijing Yanhua          
    Listing.                                                                  
                                                                              
    EXPECTED DATE OF WITHDRAWAL OF THE BEIJING YANHUA LISTING                 
                                                                              
    Beijing Yanhua has applied to the Stock Exchange for the withdrawal       
    of the Beijing Yanhua Listing. Such application has been made in          
    accordance with Rule 6.15(2) of the Listing Rules as it is proposed       
    that Beijing Yanhua be privatized by way of merger by absorption          
    under Article 184 of the PRC Company Law which is taken as akin to a      
    scheme of arrangement which is governed by the Takeovers Code and all     
    the relevant requirements, including the shareholders' approval           
    requirements, under the Takeovers Code (to the extent applicable)         
    have been complied with.                                                  
                                                                              
    Under the Revised Expected Timetable, the listing of the Beijing          
    Yanhua H Shares is expected to be withdrawn from the Stock Exchange       
    with effect from 9:30 a.m. on Wednesday, 11th May 2005. The listing       
    of the Beijing Yanhua ADSs is expected to be withdrawn from the NYSE      
    upon the making of proper filing by the NYSE with the SEC not later       
    than Tuesday, 10th May 2005 (United States Eastern Standard Time).        
    Upon payment of the Merger Consideration to the Bank of New York,         
    Beijing Yanhua intends to terminate the registration of the Beijing       
    Yanhua ADSs with the SEC under the Exchange Act on account of the         
    fact that the Beijing Yanhua ADSs will be owned by less than 300          
    holders in the United States of America.                                  
                                                                              
                                                                              
                                                                              
                                   On behalf of the board of                  
                                   Sinopec Beijing Yanhua                     
                                   Petrochemical Company Limited              
                                   Zhou Quansheng Secretary to                
                                   the Board of                               
                                   Directors                                  
                                                                              
                                                                              
                                                                              
    Beijing, PRC, 14 April 2005                                               
                                                                              
    Beijing Yanhua Directors jointly and severally accept full                
    responsibility for the accuracy of the information contained in this      
    announcement and confirm, having made all reasonable enquiries, that      
    to the best of their knowledge, opinions expressed in this                
    announcement have been arrived at after due and careful consideration     
    and there are no other facts not contained in this announcement, the      
    omission of which would make any statement in this announcement           
    misleading.                                                               
                                                                              
    As at the date hereof, the Beijing Yanhua Board comprises: Mr. Wang       
    Yongjian, Mr. Yang Qingyu, Mr. Xu Hongxing as executive directors,        
    Ms. Wang Yuying, Mr. Wang Ruihua, Mr. Cui Guoqi and Mr. Xiang Hanyin      
    as non-executive directors, and Mr. Zhang Yanning, Mr. Liu Haiyan and     
    Mr. Yang Xuefeng as independent non-executive directors.