Bluestar Holds 2026 Annual Meeting

Bluestar 2026 Work Meeting was held in Beijing on January 20. The meeting conveyed and implemented the key arrangements from the Sinochem Holdings Technology meeting and Sinochem Holding’s 2026 Work Meeting. It conducted a comprehensive review of Bluestar’s performance in 2025, and outlined the key tasks for 2026. It aimed to further unify thoughts, clarify goals, take more decisive actions for a good start of the “15th Five-Year Plan”, and further improve Bluestar’s high-quality development.

Over 90 participants attended the meeting, including relevant functional leaders from Sinochem Holdings, leadership from Bluestar, staff representatives from Bluestar’s functional departments, leadership from overseas enterprises in China region and domestic subsidiaries, and winner representatives of Bluestar’s Science and Technology Awards.

Dong Dachuan, Board Director of Bluestar, chaired the meeting, and conveyed the key messages from the Sinochem Holdings Technology meeting and Sinochem’s 2026 Work meeting.

Li Bo, Chairman and President of Bluestar, delivered a speech. He pointed out that in 2025, amidst a continuing downturn in the global chemical industry and heightened uncertainty in overseas markets, Bluestar faced challenges head-on. The company adhered to the principle of steady progress and overcame difficulties, achieving significant improvements in profitability, asset structure, and operational efficiency. These achievements of Bluestar not only concluded the “14th Five-Year Plan” on a high note, but also laid a foundation for future development over the next five years.

Li Bo emphasized that all employees at Bluestar should adopt a higher political stance to fully implement the spirit of the 20th Central Committee’s Fourth Plenary Session and the important instructions given by General Secretary, Xi Jinping, on Central SOEs. The company should deeply understand and align with the requirements of Sinochem Holdings’ 2026 Work meeting, and focus on a problem-oriented, goal-oriented, and results-oriented approach to ensure the  implementation of strategic tasks at all levels. Efforts will be concentrated on the following five aspects:

First, Bluestar should strengthen strategic leadership to anchor its development direction amid complex changes. The company will step up efforts to fill gaps in the advanced chemical materials sector and sharpen the competitiveness of the chemical industrial chain. It will also strengthen Bluestar’s role as an investment leader to accelerate the construction of internal drivers for medium- and long-term growth. Furthermore, Bluestar will continue to advance its “Spring Thunder Initiative”, driving deeper business and organizational transformation while expediting implementation to deliver measurable results.

Second, Bluestar should deepen lean management, tapping internal potential to consolidate its business foundation. Bluestar will strengthen process control to ensure budgetary targets are met. It will leverage benchmarking as a key driver and prioritize pre-implementation profit validation throughout the upgrade of its Operational Excellence System, which is expected to enhance the company’s risk resilience and value creation quality, and ensure its steady growth in different environments.

Third, Bluestar should strengthen innovation-driven growth, stimulating long-term development potential through a momentum transformation. Bluestar will make efforts to increase technological R&D to support both current operations and future growth. Special technology investments and incubation channels will be set up to provide stable resources for medium- and long-term technological projects. Bluestar will also build an AI innovation engine and establish digital empowerment benchmarks to achieve business synergy, risk control, and value-added results, thereby significantly enhancing operational quality.

Fourth, Bluestar should deepen the internal reform to stimulate its growth through the organizational mechanism optimization. Bluestar will empower its business through capital operations. Based on equity consolidation, corporate reconstruction, dual-headquarter construction and business integration， the company will plan a new round of reforms. Additionally, Bluestar will use incentives to activate its workforce, and build a global integrated talent management system, to foster a competitive and high-performing company culture.

Fifth, Bluestar should underline the importance of effective risk management to safeguard the bottom line of development through comprehensive measures. Learning from past incidents, Bluestar will reinforce HSE management, promote strict system implementation, enhance safety capabilities across the organization, and achieve a fundamental improvement in safety conditions. After adopting a collaborative problem-solving, Bluestar is expected to strengthen risk assessment and response measures to address potential risks from historical legacy issues.

Other members from the leadership team of Bluestar also made reports in the meeting. Furthermore, the meeting included the 2025 Bluestar Science and Technology Awards ceremony, where achievements from research projects were celebrated, such as Silicone Recycling Project.