Charity Movie 20:16 Based on True Story of Yip’s Chemical Chairman Tony Ip Premieres in Hong Kong

(Hong Kong, 15 May 2017) ─ The charity movie 20:16, which production was funded personally by Mr. Tony Ip, Chairman of 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 major manufacturers of petrochemical products, premiered in Hong Kong at The Grand cinema in Elements on 15 May 2017 (Monday). The movie based on a true story stars famous Hong Kong actor Mr. Lau Chung Yan, Damian, and up-and-coming mainland actors Miss Lu Xingchen and Mr. Wu Zhunyu. It is an inspiring movie about a pair of brother and sister, who made their ways from Mainland China to Hong Kong, started a business with HK$4,000 in 1971 in a 40-square-feet metal sheet-walled space in an alley in Hong Kong. After decades of hard work, they succeeded in building a business and contributed to the development of the city. The movie will be released in both Mainland China and Hong Kong on 18 May.

To uphold Mr. Tony Ip's charity philosophy, apart from spreading the positive message of "Excellence is the Reward of Perseverance" in the society and among young people through the movie, all net box office receipts of the movie from Mainland China and Hong Kong will be donated to charity without deducting production fees. And, Mr. Ip has pledged to donate a total of approximately HK$22 million to different charitable projects. He would donate the difference if the final net box office receipt is less than HK$22 million. If the receipts exceed HK$22 million, the excess will be donated to Ip Chi Shing Charitable Foundation, a charitable foundation set up in 2006 under Mr. Ip's own name, to benefit more people in need. Donations will be made to including the Asian Foundation for the Prevention of Blindness and China Disabled Persons' Federation for acquiring five mobile eye surgery centres with advanced ophthalmologic surgical equipment installed to help cataract patients in remote areas regain vision, the Hong Kong Seagull Scholarship, as well as Hong Kong Caritas to provide financial support to university students from families-in-need and assistance to the underprivileged. To mark the act of charity, a cheque presentation ceremony was held and hosted by Mr. Ip himself at the movie premiere.

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Photo 1：Mr. Tony Ip, Chairman of Yip's Chemical and Ip Chi Shing Charitable Foundation, speaks to the audience at the movie premiere

Photo 2: Mr. Tony Ip and the production team of the movie

Photo 3: Mr. Tony Ip presents the donation cheque to Mrs. Grace Chan, JP, Vice-President and Chief Executive Officer and Dr. Chow Pak Chin, Medical Director of The Asian Foundation for the Prevention of Blindness

Photo 4: Mr. Tony Ip presents the donation cheque to Mr. Paul Lo, Chairman of Hong Kong Seagull Scholarship and other representatives

Photo 5: Mr. Tony Ip presents the donation cheque to Rev. James Boey, Assistant Chief Executive of Caritas Hong Kong

Yip's Chemical Holdings Limited ("Yip's Chemical" or the "Group"), formerly known as Hang Cheung Hong, was established in 1971 and listed on the Hong Kong Stock Exchange in 1991. The Group focuses on the production and sales of petrochemical products, including solvents, coatings, inks and lubricants. It is the largest producer of acetate solvents in the world, China's largest manufacturer of inks and one of the leading coating brands in the country.

The Group, headquartered in Hong Kong, operates various manufacturing plants across China and has a nationwide sales network covering all major provinces and cities. Brands operated under the Group include "Bauhinia" for paints, "Bauhinia Variegata" for inks, "Hang Cheung Coating" for industrial paints, "Hercules" for automotive lubricants and "Pacoil" for specialty lubricants.

Yip's Chemical is a constituent in the MSCI (Morgan Stanley Capital International) China Small Cap Index Series. For more information, please visit www.yipschemical.com.

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