Sanjiang Chemical delays crucial connected transactions circular

China Sanjiang Fine Chemicals Company Limited announced a delay in despatching a circular related to non-exempt continuing connected transactions with Mei Fu Petrochemical and Blue Whale Bioenergy. The original despatch date, set for on or before December 12, 2025, has been postponed.

The circular, which will contain details on agreements including naphtha sales, steam purchase, liquefied petroleum gas purchase, and fuel gas purchase, as well as recommendations from the independent board committee, advice from the independent financial adviser, and the notice of the EGM, is now expected to be sent to shareholders on or before December 31, 2025. This delay is attributed to the need for additional time to prepare and finalize certain information.

As of the announcement date, the board comprises four executive directors: Ms. Han Jianhong, Mr. Rao Huotao, Ms. Chen Xian and Ms. Guan Siyi, and three independent non-executive directors: Mr. Shen Kaijun, Ms. Pei Yu and Mr. Kong Liang. Ms. Han Jianhong serves as the chairlady and executive director.