Founded on 8th August 1994 at Shengli Oil Field, China Eastar Group Co., Ltd. has developed from a small-sized paint factory with assets of RMB1.2 million and land of 9.9mu at the very beginning to a large-sized group with asset of RMB2.1 billion and land of over 3,300mu (1mu=666.67sq.m) with the support of leaders at different levels. As a national administrative division high-tech enterprise in chemical and electromechanical industries, we also specialize in green energy, international trade, real estate, building industry and logistic transportation. We have 10 subsidiaries, including Eastar Bioengineering Holding Co., Ltd., Eastar Energy-Saving Electrical Equipment Co., Ltd. Eastar (Group) Petrochemical Co., Ltd. and Bazhou Eastar Co., Ltd. In 2006, our productive value was RMB 3.89 billion and tax of RMB 0.74 billion.

Our company took the lead in creating the combination mode of industry, college and institute, explored a road of joint development between colleges and enterprises, established perfect technical development system and brought great innovation to the development of industry and economy and technological progress in Yellow River Delta. During the whole process, Eastar undertook many national development projects and provincial and civic science and technology key projects, among which, one project filled domestic gap and four reached internationally advanced level. We also actively responded to the Western Development, implementing strategy of "bringing in" and "going out" and constructing methanol and solvent oil items in Bazhou, Sinkiang. The methanol item was the largest industrial item developed by Shandong private enterprises and also the biggest methanol production base in Sinkiang, which rewrote the history that there were no methanol production firms in the southern part of Sinkiang. Now, Bazhou Eastar Corporation is implementing "111150 Project", namely building a thousand mu of industrial area and megaton chemical area. With the implementation of industrial development strategy, Eastar built the second largest neopentyl glycol production base and the second largest production base of hyaluronic acid in China, the second largest propylene oxide industrial base in Shandong province and a methanol-formaldehyde-neopentyl glycol industry chain. We developed and produced more than 300 varieties in 50 series of high-tech products, including neopentyl glycol, hyaluronic acid, power transformers and low voltage switchgears, forming a sales network based on Dongying and spread all over the country, some of which have been well exported. Now, the domestic market share of hyaluronic acid products is 49% and that of neopentyl glycol is 39%.

Dongchen has many national patents, among which, six products were listed into National Key New Product Plan by Ministry of Science and Technology. We also own two Shandong famous trademarks and four famous brand products, including neopentyl glycol, hyaluronic acid, low voltage switchgear and intelligent box-type transformer substation. Our company has passed the certifications of ISO9001 Quality System, ISO14001 Environmental Management System, OHSAS18001 Occupational Safety and Health Management System, 3C and Energy Conservation of Transformer. We were also awarded as Top 500 Manufacturers in China, Top 500 China Information Industrializations, Top 500 China Big Enterprise Group with Competition, Top 1,000 China Industrial Enterprises, Double 100 Enterprises in China Petroleum and Chemicals, Top 10 Most Competitive Enterprises, National Contract-keeping Credit-stressing Enterprise, Nationally Honorable Enterprise, Top 100 in China Enterprise Education, Top 200 Enterprises in Shandong, Top 100 Industrial Enterprises In Shandong, Information Demonstrative Enterprise in Shandong Manufacturing Industry, Best Credit Client in Bank Industry In Shandong, Provincial Credit AAA Enterprise and Bank Credit AAA Enterprise.