Sailun Group expands global footprint with Cambodia investment, refines governance

Sailun Group announced a RMB 15,158 million investment in the "Cambodia Kampot Special Economic Zone Project (Phase II)," aiming to expand its global industrial layout and optimize its supply chain. The project, with an investment return rate of 4.58% and a payback period of 8.17 years, will attract new chemical materials and waste rubber recycling enterprises. The board also approved a 2025-2027 shareholder return plan, outlining cash dividends, and authorized foreign exchange hedging operations with a maximum daily contract value of RMB 600,000 to manage currency risks.

The company is also updating its internal governance by canceling the board of supervisors and revising the articles of association. The audit committee of the board of directors will now assume the responsibilities previously held by the board of supervisors. Additionally, the company will use idle self-owned funds, up to a daily maximum of RMB 1.5 billion, to purchase high-security, low-risk, and stable wealth management products or fixed-income securities, aiming to improve capital efficiency.