Bluestar Adisseo Co. Ltd. announced that from July 1, 2023, the management structure of Adisseo will be changed as follows: Dr. Hao Zhigang will continue to serve as the chairman of Adisseo and the chairman of Bluestar Group, and will also serve as the CEO of Adisseo, which will be more conducive to coordinating the relationship with the controlling shareholder, so as to achieve the goal of speeding up decision-making and improving decision-making efficiency. Lead Adisseo to actively respond to challenges in the macro environment.

Dr. Hao Zhigang will be fully responsible for the strategic development of Adisseo and directly lead the Adisseo executive team, including Chief Operating Officer Frdric Jacquin and five people in charge of finance, strategy and sustainable development, research and innovation, human resources and China business Deputy Vice Director. Under the mandate of the CEO, Frdric Jacquin will directly manage global operations and head the Executive Committee. Frdric Jacquin will also succeed Jean - Marc as President of Adisseo France, effective July 1, 2023 .

Dr. Hao Zhigang and Frdric Jacquin will further promote Adisseo's integration of Chinese and foreign countries and promote the company's global development. Under the concerted efforts of the new generation of management, Adisseo will make full use of its global capabilities to achieve sustainable growth. After resigning from the CEO position of the company, Jean - Marc Dublanc will continue to serve as the director of the company and serve as the executive director of Adisseo.

At the same time, as the strategic consultant of Adisseo, he will provide professional advice and profound insight at the strategic level and continue to support Andy SU's management and strategy development. Dr. Hao Zhigang, a member of the Communist Party of China, a Ph.D. in Chemical Engineering from the Institute of Process Engineering, Chinese Academy of Sciences, and an MBA from the Open University of Hong Kong. Served as an engineer of the planning office of China National Bluestar (Group) Co.

Ltd., assistant to the chief operating officer of Shanxi Synthetic Rubber Group Co. Ltd., assistant to the deputy director of the office of China National Chemical Corporation, director of the office, secretary of the board of directors, and party committee of China National Bluestar (Group) Co. Ltd. Deputy secretary and other positions.

Since September 2017, he has been the party secretary and chairman of China National Bluestar (Group) Co. Ltd. From 2017 to 2018, he served as the vice chairman of Bluestar Adisseo Co. Ltd., and since 2018, he has served as the chairman.

From July 1, 2023, he will concurrently serve as the CEO of Adisseo Group . Frdric Jacquin will join Adisseo in November 2022 . He has 31 years of working experience in the chemical industry, including 17 years at Elkem, an international subsidiary of China National Bluestar.

The entrustment of Adisseo's global operations to this international executive and COO will help the company maintain a long-term strategic focus while quickly adapting to rapidly changing environments in different parts of the world.