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6 About HRC Value Creation Management Discussion Leadership
& Analysis

OUR STRENGTHS

Hengyuan Refining Company Berhad (HRC or the Company) stands strong on an established
world-class corporate culture and good operating principles gleaned from our heritage and from our
current major shareholder’s refining capabilities and expertise.

OUR HERITAGE OUR ANCHOR
HRC is a landmark refinery operator that Shandong Hengyuan Petrochemical Company
supplies a significant volume of Malaysia’s Limited (SHPC) owns a 51% stake in HRC
oil products needs. We have played a via Malaysia Hengyuan International Limited
dynamic role in Malaysia’s economic and since December 2016. Founded in 1970 and
social fabric since our establishment in incorporated in 1997 as an independent
1960. From a single crude distiller with an oil refinery, SHPC has achieved multiple
operating capacity of 20,000 barrels per day, accolades over the years as one of the
with a licensed capacity of 156,000 barrels Top 100 Leading Enterprises in Shandong
per day. and one of the Top 500 Chinese Chemical
Enterprises. SHPC’s proven expertise and
technical capabilities provide beneficial
synergies and support for HRC’s growth
as a complex refinery capable of delivering
high performance products and profitability.

OUR COMMITMENT OUR PEOPLE
As a responsible operator, HRC consistently Based in Port Dickson, we are one of
contributes to economic, educational, the largest economic contributors to the
environmental, safety, social and welfare state, and have provided employment
initiatives in the country. The refinery’s safety to three generations of the surrounding
and reliability are in compliance with the community. Our employees are predominantly
legislative requirements of the Department Malaysians, and we are supported by
of Occupational Safety and Health Malaysia. several international employees. The overall
team has a very wide range of experience
Investing to be future-ready, we have
also initiated projects required to meet and skills.
specifications mandated by the Malaysian
governing authorities and which are integral
not only to HRC’s contribution towards
nation building, but will also enable a
dynamic and sustainable growth.