China Sanjiang Signs Pipeline Service Deal for 2025

China Sanjiang Fine Chemicals Co., Ltd. (HK:2198) has released an update.

China Sanjiang Fine Chemicals Co., Ltd. has entered into a Framework Agreement with Jiahua Energy Chemical Co. to provide pipeline network usage services for 2025, with a deal value capped at RMB5.5 million. This transaction falls under the category of continuing connected transactions, meeting specific reporting and review requirements but exempt from independent shareholder approval. The pricing will adhere to local public pipeline usage standards, paid annually by Jiahua Energy Chemical Co.

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