Jilin Chemical Industrial (JCCIY) SC 13E3/A Going private transaction (amended)

Exhibit (c)(4)

REQUESTED BY HONG KONG SECURITIES AND FUTURES COMMISSION

THE FINANCIAL AND OTHER INFORMATION CONTAINED IN THE PRESENTATION WAS EXTRACTED FROM PUBLICLY AVAILABLE INFORMATION AND WAS NOT INTENDED TO BE USED IN THE COMPOSITE DOCUMENT IN RELATION TO THE H SHARE OFFER AND WAS THEREFORE NOT PREPARED WITH A VIEW TO ENSURING COMPLIANCE WITH RULE 10 OF THE TAKEOVERS CODE.

Confidential

Presentation to:

Project Chunhui

DATA BOOK — INTERIM UPDATE OF TRADING AND PREMIUM INFORMATION

AUGUST 3, 2005

A-Share Turnover Information

Turnover Information
Price	15 Days					30 Days					45 Days					59 Days
	Trading		% of Total			Trading		% of Total			Trading		% of Total			Trading		% of Total
	Volume		A- Shares			Volume		A- Shares			Volume		A- Shares			Volume		A- Shares
	(MM)					(MM)					(MM)					(MM)
< 2.25		—		—			—		—			—		—			—		—
2.25 - 2.39		3.2		1.6	%		3.2		1.6	%		3.2		1.6	%		3.2		1.6	%
2.40 - 2.54		16.8		8.4	%		16.8		8.4	%		16.8		8.4	%		16.8		8.4	%
2.55 - 2.69		10.4		5.2	%		10.4		5.2	%		10.4		5.2	%		10.4		5.2	%
2.70 - 2.84		14.3		7.1	%		17.9		8.9	%		17.9		8.9	%		17.9		8.9	%
2.85 - 2.99		10.7		5.3	%		10.7		5.4	%		10.7		5.4	%		10.7		5.4	%
3.00 - 3.14		—		0.0	%		4.7		2.3	%		4.7		2.3	%		6.7		3.4	%
3.15 - 3.29		—		0.0	%		4.3		2.2	%		7.2		3.6	%		16.3		8.2	%
3.30 - 3.44		—		0.0	%		4.1		2.1	%		22.4		11.2	%		48.7		24.3	%
3.45 - 3.59		—		0.0	%		16.4		8.2	%		33.3		16.7	%		39.6		19.8	%
3.60 - 3.75		—		0.0	%		9.3		4.6	%		26.6		13.3	%		27.0		13.5	%
3.75 - 3.90		—		0.0	%		—		0.0	%		2.6		1.3	%		2.6		1.3	%
> 3.90		—		—			—		—			—		—			—		—

Note: The days shown above are active trading days. Shares equivalent to the total number of A shares were traded in the last 59 days. Information as of August 1, 2005.

50% of Y’s A shares have traded at or below RMB 3.30 in the last 59 days

80% of Y’s A shares have traded at or below RMB 3.60 in the last 59 days

1

H-Share Turnover Information

Turnover Information
Price	10 Days					20 Days					30 Days					39 Days
	Trading		% of Total			Trading		% of Total			Trading		% of Total			Trading		% of Total
	Volume		H- Shares			Volume		H- Shares			Volume		H- Shares			Volume		H- Shares
	(MM)					(MM)					(MM)					(MM)
< 1.45		—		—			—		—			—		—			—		—
1.45 – 1.49		—		0.0	%		2.0		0.2	%		2.0		0.2	%		2.0		0.2	%
1.50 – 1.44		—		0.0	%		5.8		0.6	%		5.8		0.6	%		5.8		0.6	%
1.55 – 1.59		—		0.0	%		22.2		2.3	%		22.2		2.3	%		22.2		2.3	%
1.60 – 1.64		0.5		0.1	%		14.1		1.5	%		14.1		1.5	%		42.8		4.4	%
1.65 – 1.69		—		0.0	%		46.4		4.8	%		46.4		4.8	%		102.9		10.7	%
1.70 – 1.74		2.5		0.3	%		53.8		5.6	%		53.8		5.6	%		73.1		7.6	%
1.75 – 1.79		29.1		3.0	%		43.9		4.5	%		43.9		4.5	%		77.0		8.0	%
1.80 – 1.84		40.3		4.2	%		58.8		6.1	%		58.8		6.1	%		91.5		9.5	%
1.85 – 1.89		13.2		1.4	%		36.0		3.7	%		42.1		4.4	%		105.3		10.9	%
1.90 – 1.94		7.8		0.8	%		28.2		2.9	%		71.9		7.4	%		171.6		17.8	%
1.95 – 1.99		54.8		5.7	%		54.8		5.7	%		99.2		10.3	%		143.0		14.8	%
2.00 – 2.04		35.8		3.7	%		35.8		3.7	%		68.2		7.1	%		90.8		9.4	%
2.05 – 2.10		15.0		1.6	%		15.0		1.6	%		28.6		3.0	%		36.8		3.8	%
> 2.10		—		—			—		—			—		—			—		—

Note: The days shown above are active trading days. Shares equivalent to the total number of H shares were traded in the last 39 days. Information as of August 1, 2005.

67.67% of Y’s H shares have traded at or below HK$ 1.95 in the last 59 days

90% of Y’s H shares have traded at or below HK$ 2.05 in the last 59 days

2

Premium Statistics– H Shares

Trading Data of Y’s H Shares (Premium versus Reference Price)
	Stock
	Price as						52-Week
	of						Performance						Average Closing Price
	8/1/2005			IPO Price			High			Low			10 days			20 days			30 days			90 days			6 months
(HK$)	2.03			1.59			3.13			1.31			1.85			1.84			1.88			1.84			2.07
Reference
Price
2.03		0.0	%		27.4	%		-35.2	%		54.6	%		9.3	%		10.0	%		7.8	%		10.0	%		-2.4	%
2.08		2.5	%		30.6	%		-33.6	%		58.4	%		12.0	%		12.8	%		10.5	%		12.7	%		0.1	%
2.13		4.9	%		33.7	%		-32.0	%		62.2	%		14.6	%		15.5	%		13.1	%		15.4	%		2.5	%
2.18		7.4	%		36.9	%		-30.4	%		66.0	%		17.3	%		18.2	%		15.8	%		18.1	%		4.9	%
2.23		9.9	%		40.0	%		-28.8	%		69.8	%		20.0	%		20.9	%		18.4	%		20.8	%		7.3	%
2.28		12.3	%		43.2	%		-27.2	%		73.7	%		22.7	%		23.6	%		21.1	%		23.5	%		9.7	%
2.33		14.8	%		46.3	%		-25.6	%		77.5	%		25.4	%		26.3	%		23.8	%		26.3	%		12.1	%
2.38		17.3	%		49.5	%		-24.0	%		81.3	%		28.1	%		29.1	%		26.4	%		29.0	%		14.5	%
2.43		19.8	%		52.6	%		-22.4	%		85.1	%		30.8	%		31.8	%		29.1	%		31.7	%		16.9	%
2.48		22.2	%		55.8	%		-20.8	%		88.9	%		33.5	%		34.5	%		31.7	%		34.4	%		19.3	%
2.53		24.7	%		58.9	%		-19.2	%		92.7	%		36.2	%		37.2	%		34.4	%		37.1	%		21.8	%

Source: Bloomberg

3

Premium Statistics — A Shares

Trading Data of Y’s A Shares (Premium versus Reference Price)
	Stock
	Price as						52-Week
	of			IPO			Performance						Average Closing Price
	8/1/2005			Price			High			Low			10 days			20 days			30 days			90 days			6 months
(RMB)	2.92			3.5			6.54			2.34			2.73			2.76			2.99			3.86			4.23
Reference
Price
4.13		41.6	%		18.1	%		-36.8	%		76.7	%		51.3	%		49.9	%		38.4	%		7.1	%		-2.4	%
4.24		45.1	%		21.0	%		-35.2	%		81.0	%		55.0	%		53.6	%		41.8	%		9.7	%		0.1	%
4.34		48.6	%		24.0	%		-33.7	%		85.4	%		58.7	%		57.3	%		45.2	%		12.4	%		2.5	%
4.44		52.1	%		26.9	%		-32.1	%		89.8	%		62.5	%		61.0	%		48.6	%		15.0	%		4.9	%
4.54		55.6	%		29.8	%		-30.5	%		94.1	%		66.2	%		64.7	%		52.0	%		17.7	%		7.3	%
4.64		59.1	%		32.7	%		-29.0	%		98.5	%		69.9	%		68.4	%		55.4	%		20.3	%		9.7	%
4.75		62.6	%		35.6	%		-27.4	%		102.8	%		73.7	%		72.1	%		58.9	%		23.0	%		12.1	%
4.85		66.1	%		38.5	%		-25.9	%		107.2	%		77.4	%		75.8	%		62.3	%		25.6	%		14.5	%
4.95		69.5	%		41.5	%		-24.3	%		111.6	%		81.1	%		79.5	%		65.7	%		28.3	%		16.9	%
5.05		73.0	%		44.4	%		-22.7	%		115.9	%		84.9	%		83.2	%		69.1	%		30.9	%		19.3	%
5.15		76.5	%		47.3	%		-21.2	%		120.3	%		88.6	%		86.9	%		72.5	%		33.5	%		21.8	%

     Source: Bloomberg

4

Traded Petrochemical Companies

China Companies            Asian Oils 140 130 120 190 180

110 170 160
100 150 140

90 130 120 80 110 100 70 90

07/2004 09/2004 12/2004 02/2005 05/2005 07/2005

60 Thai Comparables            Taiwan Comparables 07/18/04 09/29/04 12/11/04 02/22/05 05/06/05 07/18/05 Japan Comparables            S-Oil            China Comparables            Shenzhen A-Share            SPC            Nikkei 225 KOSPI            STI Shanghai A-Share            HSCEI            SET

5

Traded Petrochemical Companies

Information of Traded Petrochemical Companies (as of Aug 1, 2005)

Valuation Multiples	Share		Market		Price / EPS				Firm		Firm Value / EBITDA
(Dollar in Millions, Except Stock Price)	Price		Cap(a)		2005E		2006E		Value(b)		2005E		2006E
			(in US$MM)						(in US $MM)
Y (A Share)	RMB 2.92		$	1,187		14.2x		7.1x	$	1,678		5.5x		4.8x
Chinese Cos — A shares
Sinopec Shanghai Petrochemical Co Ltd	RMB 3.55			2,977		6.8x		7.4x		3,711		4.5x		5.1x
China Petroleum and Chemical (Sinopec)		4.08		42,880		9.3		9.0		65,355		5.1		5.0
			Mean			8.0x		8.2x				4.8x		5.1x
Y (H Share)	HK$2.03		$	1,187		10.2x		5.1x	$	1,678		5.5x		4.8x
Chinese Cos — H shares
Sinopec Shanghai Petrochemical Co Ltd	HK$2.75			2,977		5.5x		6.0x		3,711		4.5x		5.1x
Sinopec Zhenhai Refining & Chemical Co		8.30		2,695		8.1		7.1		2,524		4.1		3.6
PetroChina		7.05		159,467		9.5		10.3		163,068		5.3		5.4
China Petroleum and Chemical (Sinopec)		3.38		42,880		8.0		7.7		65,355		5.1		5.0
			Mean			7.7x		7.8x				4.7x		4.8x
			Median			8.0		7.4				4.8		5.0
Other Asian Cos
Formosa Chemicals & Fibre Corp	TW$51.3		$	8,410		6.3x		6.9x		$9,722		8.0x		8.5x
Formosa Petrochemicals Corp	TW$58.1			16,292		10.7		11.7		20,628		8.3		7.6
National Petrochemical PCL	THB 116			853		9.2		8.5		885		5.5		5.5
PTT Public Co Ltd	THB 228			15,524		9.4		9.3		18,672		8.5		7.9
S Oil Corporation	KRW 79,100			8,565		10.8		11.5		8,887		6.9		7.3
Showa Shell Sekiyu KK	JPY 1,224			4,094		15.3		15.5		4,952		8.4		8.6
Singapore Petroleum Company	SGD 5.05			1,499		7.0		6.6		1,825		6.9		6.4
TonenGeneral Sekiyu KK	JPY 1,215			6,321		16.6		17.3		6,936		8.2		8.6
			Mean			10.7x		10.9x				7.6x		7.5x
			Median			10.1		10.4				8.1		7.8

Source: Estimates based on IBES. No updated EBITDA forcast for Y since issuing profit warning.
(a)	Market cap for all classes of shares, which is sum of H-shares’ share price multipled by number of H-shares outstanding and A-shares’ share price multipled by number of legal person shares and A-shares outstanding. Firm value based on net debt as of Dec 31, 2004 from Company’s annual report
(b)	Firm Value equals market equity value plus straight debt, minority interest, less investments in unconsolidated affiliates and cash.

Y is currently trading at multiples significantly higher than it’s A-Share and H-Share peers

6

Key Statistics of H-Share and A-Share Offers (Option 1 – X + Y)

Cost of Acquiring Minority Position (Prices as of Aug 1, 2005)

	Premium to Six Month Average Price
	0.0%			5.0%			10.0%			12.5%			15.0%			17.5%			20.0%			22.5%			25.0%
Price per Share paid to Minority
A Share (RMB)		4.23			4.45			4.66			4.76			4.87			4.97			5.08			5.19			5.29
H Share (HK$)		2.07			2.18			2.28			2.33			2.38			2.44			2.49			2.54			2.59
Number of Shares held by Minority (MM)
A Shares		200			200			200			200			200			200			200			200			200
H Shares		965			965			965			965			965			965			965			965			965
X Share Price
H Share (HK$)		7.05			7.05			7.05			7.05			7.05			7.05			7.05			7.05			7.05
Conversion Ratios
Y’s H Shares per X’s H Share (without additional premium		3.40			3.24			3.09			3.02			2.96			2.89			2.83			2.78			2.72
Y’s H Shares per X’s H Share (with additional premium)		3.09			2.94			2.81			2.75			2.69			2.63			2.58			2.52			2.47
Number of X Shares Required (MM)
H Share (share offer at no additional premium)		283.8			298.0			312.2			319.3			326.4			333.5			340.6			347.7			354.8
% of X’s enlarged equity		1.6	%		1.7	%		1.7	%		1.8	%		1.8	%		1.9	%		1.9	%		1.9	%		2.0	%
H Share (share offer at 10% additional premium)		312.2			327.8			343.4			351.2			359.0			366.8			374.6			382.4			390.2
% of X’s enlarged equity		1.7	%		1.8	%		1.9	%		2.0	%		2.0	%		2.0	%		2.1	%		2.1	%		2.2	%

Note:
(1)	For the purpose of this analysis, we have assumed 100% acceptance rate for the Share offer.

7

Key Statistics of H-Share and A-Share Offers (Option 1 – X + Y)

Share Offer at 10% additional premium to the Cash Offer (Prices as of Aug 1, 2005)
(RMB Millions, except per share data)

			Consideration		Cash Offer Premium to Six Month Average Price
			Payable		0.0%			5.0%			10.0%			12.5%			15.0%			17.5%			20.0%			22.5%			25.0%
Percentage of Shareholders accepting Cash Offer(balance shareholders accepting Share Offer)		H-Share Cash Offer Price (HKD)				2.07			2.18			2.28			2.33			2.38			2.44			2.49			2.54			2.59
		A-Share Cash Offer Price (RMB)				4.23			4.45			4.66			4.76			4.87			4.97			5.08			5.19			5.29
		0%	Cash			—			—			—			—			—			—			—			—			—
			Value of Shares			3,226			3,388			3,549			3,630			3,710			3,791			3,872			3,952			4,033
			Total			3,226			3,388			3,549			3,630			3,710			3,791			3,872			3,952			4,033
		20%	Cash			587			616			645			660			675			689			704			719			733
			Value of Shares			2,581			2,710			2,839			2,904			2,968			3,033			3,097			3,162			3,226
			Total			3,168			3,326			3,484			3,564			3,643			3,722			3,801			3,880			3,960
		40%	Cash			1,173			1,232			1,291			1,320			1,349			1,379			1,408			1,437			1,466
			Value of Shares			1,936			2,033			2,129			2,178			2,226			2,275			2,323			2,371			2,420
			Total			3,109			3,264			3,420			3,498			3,575			3,653			3,731			3,808			3,886
		60%	Cash			1,760			1,848			1,936			1,980			2,024			2,068			2,112			2,156			2,200
			Value of Shares			1,291			1,355			1,420			1,452			1,484			1,516			1,549			1,581			1,613
		Total		3,050			3,203			3,355			3,432			3,508			3,584			3,660			3,737			3,813
	80%	Cash		2,346			2,464			2,581			2,640			2,698			2,757			2,816			2,874			2,933
		Value of Shares		645			678			710			726			742			758			774			790			807
		Total		2,992			3,141			3,291			3,366			3,440			3,515			3,590			3,665			3,740
	100%	Cash		2,933			3,080			3,226			3,300			3,373			3,446			3,520			3,593			3,666
		Value of Shares		—			—			—			—			—			—			—			—			—
		Total		2,933			3,080			3,226			3,300			3,373			3,446			3,520			3,593			3,666

Notes:
(1)	Share consideration assumed to be at a 10% premium to the cash consideration
(2)	Exchange rate of HKD 0.96 / CNY 1
(3)	As per Company guidance at meeting of 19 July, we understand that the Company is considering only a cash consideration at present

8

Information of Public Market Transaction Premia

4 Key factors which determine the level of premium in both situations required include:

• Cash vs. stock acquisition currency

• Level of expected competition for target

• Need for target to sell and perspectives of target shareholders over future viability of company

			Premia prior to Announce
Year	Target	Acquiror	1 Day			10 Days			30 Days			60 Days
2005	Henderson China	Henderson Land		56.3	%		50.9	%		54.0	%		54.3	%
2005	Yanhua	Sinopec		10.9			18.8			23.9			24.3
2004	Kwong Sang Hong Intl	Power Jade Capital Ltd		5.0			23.0			36.2			52.63
2003	Chevalier Constr Hldg	Chevalier Intl Hldg Ltd		16.3			16.3			23.8			37.4
2003	JGC Holding	Public Bank Bhd		19.7			19.4			21.3			25.6
2003	SIIC Medical Science	Shanghai Indl Hldg Ltd		15.0			20.8			24.3			31.9
2003	eSun Holdings Ltd	Lai Sun Development		27.3			28.6			30.6			18.9
		Average (Excl High/low)		17.8	%		22.1	%		27.8	%		34.4	%

Source: Bloomberg, Company Filings With reference to cash alternatives only

9

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We maintain a policy of strict compliance to the anti-tying provisions of the Bank Holding Company Act of 1956, as amended, and the regulations issued by the Federal Reserve Board implementing the anti-tying rules (collectively, the “Anti-tying Rules”). Moreover our credit policies provide that credit must be underwritten in a safe and sound manner and be consistent with Section 23B of the Federal Reserve Act and the requirements of federal law. Consistent with these requirements and our Anti-tying Policy:

4	You will not be required to accept any product or service offered by Citibank or any Citigroup affiliate as a condition to the extension of commercial loans or other products or services to you by Citibank or any of its subsidiaries, unless such a condition is permitted under an exception to the Anti-tying Rules.
4	We will not vary the price or other terms of any Citibank product or service based on the condition that you purchase any particular product or service from Citibank or any Citigroup affiliate, unless we are authorized to do so under an exception to the Anti-tying Rules.
4	We will not require you to provide property or services to Citibank or any affiliate of Citibank as a condition to the extension of a commercial loan to you by Citibank or any Citibank subsidiary, unless such a requirement is reasonably required to protect the safety and soundness of the loan.
4	We will not require you to refrain from doing business with a competitor of Citigroup or any of its affiliates as a condition to receiving a commercial loan from Citibank or any of its subsidiaries, unless the requirement is reasonably designed to ensure the soundness of the loan.

Any prices or levels contained herein are preliminary and indicative only and do not represent bids or offers. These indications are provided solely for your information and consideration, are subject to change at any time without notice and are not intended as a solicitation with respect to the purchase or sale of any instrument. The information contained in this presentation may include results of analyses from a quantitative model which represent potential future events that may or may not be realized, and is not a complete analysis of every material fact representing any product. Any estimates included herein constitute our judgment as of the date hereof and are subject to change without any notice. We and/or our affiliates may make a market in these instruments for our customers and for our own account. Accordingly, we may have a position in any such instrument at any time.

© 2005 Citigroup Global Markets Inc. Member SIPC. CITIGROUP and Umbrella Device are trademarks and service marks of Citicorp or its affiliates and are used and registered throughout the world.

© 2005 Citigroup Global Markets Limited. Regulated by the Financial Services Authority. CITIGROUP and Umbrella Device are trademarks and service marks of Citicorp or its affiliates and are used and registered throughout the world.