Sinopec Shanghai Petrochemical to hold 2025 extraordinary general meeting

Sinopec Shanghai Petrochemical will convene its Second Extraordinary General Meeting of Shareholders for 2025 on December 11, 2025, in Shanghai. The meeting will address several crucial proposals, including the approval of new framework agreements for product supply and sales services, and comprehensive services for 2026-2028. These agreements encompass raw material procurement, sales of petroleum and petrochemical products, and various support services, with proposed annual caps reaching up to RMB98,319 million for raw material procurement.

Shareholders will also vote on a resolution to reduce the company’s registered capital, abolish the supervisory board, adjust the business scope, and revise the articles of association and their appendices, aligning with the new Company Law implemented on July 1, 2024. Additionally, the meeting will include the election of Mr. Lu Zhiyong as a non-independent director to the Eleventh Session of the Board of Directors. The board and independent non-executive directors have approved these proposals, deeming them fair and reasonable. Connected transactions require independent shareholder approval, and relevant financial data and voting procedures have been detailed for A-share and H-share holders.