Status of Rubber Joint Ventures and
                   Wholly Foreign-owned Enterprises
Chinese enterprises:            Nantong Petrochemical Corporation
Foreign enterprises:            Marubeni Corp. of Japan, Taiwan Synthetic Rubber Corp.
Joint venture enterprises:              Nantong Shenhua Chemical Co., Ltd.
Project and capacity:           100 thousand t/a SBR
Ownership share:                        Total investment:US$ 91.6 million, Japanese side 12%, Taiwan side
                                            40%
Status:                         Start production in the 1998
Note:                                   61.2 thousand t/a butadiene, 19 thousand t/a styrene monomer were                                                   supplied by Japan and Korea
Chinese enterprises:            Shanhai Petrochemical Corporation
Foreign enterprises:            Union Carbide Corp. of U.S.A
Joint venture enterprises:              Shanghai Petrochemical-Union Carbide Synthetic Latex Co., Ltd.
Project and capacity:           20 thousand t/a polymer latex (including acrylics latex) ,and it will
                                            be expanded to 40 thousand t/a
Status:                         Start production in the second quarter of 1997
Chinese enterprises:            (Tianjin)
Foreign enterprises:            Japan Synthetic Rubber Co., Ltd. (JSR), Taiwan  Kuo  Cheng Industrial
Joint venture enterprises:                  Company etc.
Project and capacity:           5000t/a carbonated masterbatch
Ownership share:                        Total investment: US$ 2.28 million,Taiwan side 60%, Japanese side
                                            40%
Status:                         Start operation in 1996, Start production in early 1997
Chinese enterprises:            (Shenzhen)
Foreign enterprises:            Taiwan Haibian Industrial Co., Ltd.
Joint venture enterprises:              Haibian Rubber Articles Plant
Project and capacity:           Rubber fitting for auto and rubber articles which highly resistant
                                            to oil, heat-resisting, acide-resisting, alkaline-resisting
Status:                         Start Operation in 1996
Chinese enterprises:            (Jiangsu Changzhou)
Foreign enterprises:            Japan Ouchi Shinko Chemical Industrial Co., Ltd.
Joint venture enterprises:              Changzhou Huadaming Chemical Industrisal Corp.
Project and capacity:           300 t/a phenyl-alpha-naphthyl amine(antioxidant for rubber)
Ownership share:                        Japanese side 39%
Status:                         Start production in 1996
Chinese enterprises:            (Fujian Putian)
Foreign enterprises:            Land Group of Singapore
Joint venture enterprises:              Fujian Putian-Land Tyre Co., Ltd.
Project and capacity:           25470  thousand sets/a tyre series
Ownership share:                        Total investment:US$ 480 million, wholly foreign-owned
Status:                         Start production in 1998
Chinese enterprises:            Dalian Rubber Complex
Foreign enterprises:            Goodyear Tyre & Rubber Company of U.S.A
Joint venture enterprises:              Dalian-Goodyear Tyre Co., Ltd.
Project and capacity:           Wire radial tyre of car and light truck tyre,3000 sets/d
Ownership share: