09:20     JILIN CHEMICAL<00368> - Announcement (1)                            

    The Stock Exchange of Hong Kong Limited takes no responsibility for the   
    contents of this announcement, makes no representation as to its          
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
                                                                              
    JILIN CHEMICAL INDUSTRIAL COMPANY LIMITED                                 
    (a joint stock limited company incorporated in the People's Republic of   
    China)(Stock Code: 0368)                                                  
                                                                              
    PROPOSED AMENDMENTS TO ARTICLES OF ASSOCIATION                            
    PROPOSED AMENDMENTS TO THE RULES OF PROCEDURE                             
    FOR THE GENERAL MEETINGS OF THE SHAREHOLDERS                              
    PROPOSED RULES OF PROCEDURE FOR THE MEETINGS OF                           
    THE BOARD OF DIRECTORS                                                    
    PROPOSED RULES OF PROCEDURE FOR THE MEETINGS OF                           
    THE SUPERVISORY COMMITTEE                                                 
                                                                              
    The board of directors of the Company has passed resolutions,             
    proposing, among other things: (i) to further amend the relevant          
    provisions of the articles of association of the Company; (ii) to amend   
    the rules of procedure for the general meetings of the shareholders and   
    to adopt the same as an appendix to the articles of association of the    
    Company; (iii) to approve the proposed rules of procedure for the         
    meetings of the board of directors and to adopt the same as an appendix   
    to the articles of association of the Company; and (iv) to approve the    
    proposed rules of procedure for the meetings of the supervisory           
    committee and to adopt the same as an appendix to the articles of         
    association of the Company, to comply with the provisions under the       
    Notice of the Request to the Listed Company to Amend the Articles of      
    Association (Zheng Jian Gong Si Zi[2005]No. 15) issued by China           
    Securities Regulatory Committee on 22 March 2005.                         
                                                                              
    The proposed amendments to the articles of association and the rules of   
    procedure for the general meetings of the shareholders and adoption of    
    the amended rules of procedure for the general meeting of the             
    shareholders, the proposed rules of procedure for the meetings of the     
    board of directors and proposed rules of procedure for the meetings of    
    the supervisory committee as appendices to the articles of association    
    are subject to the approval of the shareholders of the Company by way     
    of special resolutions and approval and/or endorsement on registration    
    as may be required by the relevant PRC authorities.                       
                                                                              
    The board of the directors (the "Board") of Jilin Chemical Industrial     
    Company Limited (the "Company") has received additional proposed          
    resolutions as set out below (the "Additional Proposed Resolutions")      
    from the supervisory committee of the Company (the "Supervisory           
    Committee") for the shareholders' consideration and approval at the       
    annual general meeting of the Company (the "AGM") to be held on 20 May    
    2005. The Board, in accordance with the articles of association of the    
    Company (the "Articles of Association"), has reviewed the Additional      
    Proposed Resolutions and has agreed to propose the same for               
    shareholders' consideration and approval at the AGM.                      
                                                                              
    The Additional Proposed Resolutions as set out below are proposed in      
    accordance with the provisions under the Notice of the Request to the     
    Listed Company to Amend the Articles of Association (Zheng Jian Gong Si   
    Zi[2005]No. 15) issued by China Securities Regulatory Committee on 22     
    March 2005:                                                               
                                                                              
    (a)  to consider and approve the proposed amendments to the relevant      
    provisions of the Articles of Association (collectively the "Proposed     
    Amendments to the Articles of Association");                              
                                                                              
    (b)  to consider and approve the proposed amendments to rules of          
    procedure for the general meetings of the shareholders (the               
    "Shareholders' Meeting Rules") (collectively the "Proposed Amendments     
    to the Shareholders' Meeting Rules") and to adopt the amended             
    Shareholders' Meeting Rules as an appendix to the Articles of             
    Association;                                                              
                                                                              
    (c)  to consider and approve the proposed rules of procedure for the      
    meetings of the Board (the "Proposed Board Meeting Rules") and to adopt   
    the Proposed Board Meeting Rules as an appendix to the Articles of        
    Association; and                                                          
                                                                              
    (d)  to consider and approve the proposed rules of procedure for the      
    meetings of the Supervisory Committee (the "Proposed Supervisory          
    Committee Meeting Rules") and to adopt the Proposed Supervisory           
    Committee Meeting Rules as an appendix to the Articles of Association.    
                                                                              
    As an integral part of the Additional Proposed Resolutions, the Board     
    would be authorized to take any action as it thinks fit to implement      
    such resolutions mentioned above.