10:03     SINOPEC BEIJING YANHUA PETROCHEMICAL CO. LTD.<00325>-Ann.(2)        

    to terminate the registration of its ADSs with the SEC under the          
    Securities Exchange Act of 1934 on account of the fact that the ADSs      
    will be owned by less than 300 holders in the United States.              
                                                                              
    On behalf of the board of                                                 
    Sinopec Beijing Yanhua Petrochemical Company Limited                      
    Zhou Quansheng                                                            
    Secretary to the Board of Directors                                       
                                                                              
    Beijing, PRC, 10 May 2005                                                 
                                                                              
    The 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.