Continuing Solid Operation with Promising Outlook
Strenthening Core Business, Creating Green Chemicals for Sustainability

2012 OUCC Shareholder Meeting was held on June 5, in which meeting 2011 Annual Report and Financial Statement were approved and a dividend distribution of 3.0 per share, i.e. 2.0 in cash and 1 in stock, was passed. The sales revenues of 2011 reached 13.8 billions, an increase of 12% as compared to 2010 profit after taxes of 2.88 billions, 37% increase as compared to 2010. EPS is NTD 3.64.

In despite of the global economic decline due to the European debt crisis, OUCC has managed to sustain its 1Q/2012 sales income by 3.45 billions, profits after taxes of 0.51 billions, or an EPS of 0.65 NTD. We anticipate a better economic outlook with a hiking turnover for the 2nd half 2012, on account of the increasing demand of downstream and no addition of new EG capacity within the year.

Looking into the future, with over 7 million tons of EG shortage annully in China, OUCC is planning jointly with FENC over an EG plant in Yangzhou, China which may opt to produce Bio-MEG using material of Bio-Ethanol prior to furture supply to downstream for Bio-PET, which grants OUCC the promising potential meeting not only customers demand in green material, but also the urge in carbon footprint reduction.

Furthermore, OUCC plans to launch its own brand EVOXs upon the completions of its EOD plants in both Linyuan and Yangzhou within this year, in an effort to further strengthen its advantage and leverage in specialty chemicals. With Bio-EO for future Yangzhou EOG plant well schemed, OUCC has been devoted itself to the Bio-EOD development along with global well-known allies to provide customers with eco-friendly materials, as its benchmark in “green chemical.”

In summary, OUCC, with its core strength, will continue to pursue a sustainable growth as of a chemical company of eco-friendly and technology, and in turn to create added values for our customers, shareholders and employees.