Sinopec Oilfield Service (HK:1033) has released an update.
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Sinopec Oilfield Service Corporation has entered into new framework agreements for continuing connected transactions with Sinopec Group that will take effect from January 1, 2025, for a three-year period, replacing the agreements set in 2021. These transactions, alongside discloseable transactions, require approval from independent shareholders and must comply with both Hong Kong and SSE listing rules, including specific reporting and announcement obligations. The company will present the transactions and proposed annual caps for the next three-year period ending in December 2027 for approval at an upcoming EGM.
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