Bluestar Adisseo : Independent Directors' Independent Opinions on Proposals in the Thirteenth Meeting of the 7th Session of the Board

Bluestar Adisseo Company

Independent Directors' Independent Opinions on Proposals in the Thirteenth Meeting of the 7th Session of the Board

According to China Securities Regulatory Commission's Guidelines for the Establishment of Independent Directors System in Listed Companies, Listed Company Governance Guidelines, Shanghai Stock Exchange Listing Rules of Stock, the Articles of Association of Bluestar Adisseo Company ("AOA"), and Bluestar Adisseo Company's (the "Company") Rules for the Work of the Independent Director, we, as independent directors of the Company, on the basis of independent decision, honesty and fiduciary, review and discuss the following proposals deliberated in the thirteenth meeting of the 7th session of the board, and issue our independent opinions as follows:

1. Proposal on 2020 Remuneration Policy

From our perspective, this proposal thoroughly discusses the 2020 remuneration policy based on the Company's performance. It provides the alignment between the managers and shareholders by creating a win-win perspective. We believe this proposal is in compliance with relevant laws, rules and the AOA, and it does not prejudice the interests of the Company or the shareholders, especially the medium and small shareholders. We agree with this proposal.

Independent directors: Ding Yuan, Song Lixin and Jean Falgoux

(In case of discrepancies between the English version and the Chinese version of this announcement, the Chinese version, officially published and disclosed, shall prevail.)