Jiangsu Yangnong Chemical boosts 2025 related-party transaction estimates

Jiangsu Yangnong Chemical Co., Ltd. announced an increase in its estimated routine related-party transactions for 2025. The company's Ninth Board of Directors approved an additional 2,800.00 yuan for product procurement and services from Sinochem Energy Co., Ltd. This decision, made at the third meeting of the Ninth Board of Directors on November 21, 2025, with 4 votes in favor and 5 abstentions, raises the total estimated amount for July 2025 to June 2026 to 2,800.00 yuan, with 1,500.00 yuan allocated for January to December 2025. The actual amount incurred from January to October 2025 was 789.71 yuan.

This increase is vital for the company's daily operations, ensuring a stable supply of raw materials like methanol and other chemical feedstocks, which will be procured at market prices. Both Jiangsu Yangnong Chemical and Sinochem Energy are controlled by Sinochem Holdings Corporation Ltd., ensuring strategic collaboration. The company’s independent directors also approved the increase, confirming that it will not affect the company’s independence or core business reliance on related parties.

The decision was made after the 2024 annual general meeting, which initially approved the 2025 related-party transactions. This adjustment highlights the dynamic nature of supply chain management and strategic sourcing within large corporate groups.