Is Ningxia Energy Chemical Co., Ltd. a state-owned enterprise?

Yes. Sinopec Great Wall Energy and Chemicals (Ningxia) Co., Ltd. was established on June 4, 2010. It is a state-owned enterprise. Its business scope includes methanol, sulfuric acid, carbon monoxide, hydrogen, oxygen (compressed), nitrogen (compressed or liquefied), acetic acid Vinyl ester, acetic acid, methyl acetate, tetrahydrofuran, calcium carbide, formaldehyde solution, acetylene, acetaldehyde, 1,4-butynediol, propionic acid.