FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Delight Reward Ltd 		2. Issuer Name and Ticker or Trading Symbol

Keyuan Petrochemicals, Inc. [ KEYP ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

UNIT 06, 21/F BEAUTIFUL GROUP TOWER 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/19/2016
(Street)

77 CONNAUGHT ROAD CENTRAL, K3 00000
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 per share   12/19/2016     S    53051001   D   (1) (2) (3) 56862866   I   By XinKe Petrochemicals Inc.  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  On December 19, 2016, pursuant to a contribution agreement between Delight Reward Limited (the "Reporting Person"), and XinKe Petrochemicals Inc., a Nevada corporation ("XinKe"), the Reporting Person purchased 53,051,001 shares of common stock of XinKe, par value $0.001 per share ("XinKe Share") in exchange of 53,051,001 shares of common stock of Keyuan Petrochemicals, Inc. (the "Company"), par value $0.001 per share ("Keyuan Share"), in a private placement in reliance upon the exemption from securities registration afforded by Regulation D as promulgated under and/or Rule 4(a)(2) of the Securities Act of 1933, as amended.
( 2)  On December 19, 2016, 7 shareholders of the Company respectively purchased an aggregate of 3,811,865 XinKe Shares in exchange for an aggregate of 3,811,865 Keyuan Shares.
( 3)  As a result of the private placement described in footnote (1) and purchases described in footnote (2), XinKe became a shareholder of the Company holding approximately 90% of issued and outstanding Keyuan Shares and the Reporting Person became a beneficial owner of 56,862,866 Keyuan Shares through its ownership of XinKe.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Delight Reward Ltd
UNIT 06, 21/F BEAUTIFUL GROUP TOWER
77 CONNAUGHT ROAD CENTRAL, K3 00000
X


Signatures
/s/ Chunfeng Tao 12/22/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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