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

Bluestar Adisseo Company

Independent Directors' Independent Opinions on Proposals

in the Twelfth 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 twelfth meeting of the 7th session of the board, and issue our independent opinions as follows:

1. Proposal on Nominating Gary Wang as Deputy General Manager

From our perspective, the procedure for nominating Gary Wang as deputy general manager is in compliance with the relevant provisions of the Company Law and the AOA. The qualification is in conformity with the conditions for being responsible of holding this position, and Gary Wang has the professional quality appropriate to his function and the professional ethics, able to meet the requirements of the duties of the position. Therefore, we agree this proposal.

2. Proposal on the Approval of Risk Report of ChemChina Finance Co., Ltd. for H1 2020

From our perspective, the Risk Report of ChemChina Finance Co., Ltd. ("CCF") for H1 2020 reflects the actual business situations of CCF. The connected transactions between the Company and CCF will not adversely affect the Company's independence or prejudice the benefits of the Company and shareholders, especially the benefits of the medium and small shareholders. Therefore, we agree on such report.

Independent directors: Ding Yuan, Song Lixin and Jean Falgoux