Rongsheng Petrochemical (Singapore) Pte. Ltd. (Rongsheng Petrochemical Singapore) was incorporated on January 2015. Being the sole trading platform outside China under parent company Rongsheng Holding Group, the key business is trading, including import of crude oil, refined oil and petrochemical products, and third-party re-export. At the same time, Rongsheng Petrochemical Singapore leverage on is physical flows to hedge Rongsheng Holding Group’s price risk. The company also serve as a platform for Rongsheng Holding Group’s financing and foreign investment activities.