Yip’s Chemical Holdings Limited (HKEx: 00408) (“Yip’s Chemical” or the “Group”), the world’s largest manufacturer of acetate solvents and one of China’s largest manufacturers of petrochemical products, is pleased to announce that it has achieved the “Gold Award for Social Responsibility and Investor Relations” in “The Asset Corporate Awards 2011” in recognition of its excellent performance in the areas of social responsibility and investor relations. This marks the third consecutive year that the Group has earned recognition within the “The Asset Corporate Awards” while advancing to the “Gold Award” in 2011. The Group also garnered the “Outstanding Investor Relations 2011” accolade within the “Quamnet Outstanding Enterprise Awards 2011”.

 Mr Stephen Yip, Deputy Chairman of Yip’s Chemical, said, “We are very honoured to capture a prize at ‘The Asset Corporate Awards’ once again. Following the Titanium Award won in the past two years, we have achieved better results this year to gain the Gold Award. This accolade reflects recognition from investors, the industry and the market for our efforts in social responsibility and investor relations. We are also pleased to have won the ‘Outstanding Investor Relations 2011’ award presented by Quamnet for the first time. This demonstrates once again our outstanding performance in investor relations. We continue to maintain a high degree of transparency through our corporate information publications, as well as our ongoing close contact and effective communication with investors to enhance the Group’s market value.”

 The Group has always remained committed to contributing to society as expressed in our motto: “What comes from the community, is to be used for the community”. While actively developing and expanding the flagship CSR project, “Yip’s Chemical Ten-year Donation Project for the Mobile Eye Surgery Centre”, the corporate volunteer team also offers strong support to this programme through regular visits to the beneficiary families and promoting the prevention of blindness. The corporate volunteer team continues to regularly participate in voluntary activities and integrate them into their daily lives.

 “The Asset Corporate Awards” is an annual event organised by The Asset magazine – a major financial publication among issuers and global investors active in Asia. Winners are selected from among listed companies in Asia by a panel of judges comprising professional investors and financial analysts.

 Organised by the financial website Quamnet since 2009, the “Quamnet Outstanding Enterprise Awards” aim to recognise outstanding companies that have delivered exceptional results in their own business sectors.

Ms Wendy Tse, Communications and IR Manager of Yip’s Chemical, receives “Outstanding Investor Relations 2011” from Quamnet.