Sinopec Shanghai Petrochemical adjusts board committee composition

Sinopec Shanghai Petrochemical (SSE:600688) announced the resolutions passed at its 17th meeting of the 11th Board of Directors on May 22, 2025. The Board approved the adjustment of the composition of its specialized committees, with Zhou Ying stepping down from the Strategic and ESG Committee to join the Nomination Committee, while Chen Haifeng transitioned from the Nomination Committee to the Strategic and ESG Committee. The board also approved a resolution regarding the signing of a steam sales contract with Shanghai Jinshan Baling New Materials Co., Ltd, an affiliated party, with related board members abstaining. Furthermore, resolutions concerning the performance evaluation and bonus realization for management, as well as the company's market value management measures, were also approved.