Sinochem International announced that its wholly-owned subsidiary Sinochem Plastics plans to jointly invest with related parties Luxi Chemical and Cangzhou Dahua to establish Sinochem Polycarbonate Sales Co., Ltd., with a registered capital of 5 million yuan. Among them, Luxi Chemical invested 2.55 million yuan, accounting for 51%; Cangzhou Dahua invested 1.5 million yuan, accounting for 30%; and Sinochem Plastics invested 950,000 yuan, accounting for 19%. All three parties invested with their own capital. The deal has been approved by the board of directors. It aims to integrate sales resources, improve collaboration efficiency, and reduce costs. There is no significant impact on the company's finances.

Sinochem International announced that its wholly-owned subsidiary Sinochem Plastics plans to jointly invest with related parties Luxi Chemical and Cangzhou Dahua to establish Sinochem Polycarbonate Sales Co., Ltd., with a registered capital of 5 million yuan. Among them, Luxi Chemical invested 2.55 million yuan, accounting for 51%; Cangzhou Dahua invested 1.5 million yuan, accounting for 30%; and Sinochem Plastics invested 950,000 yuan, accounting for 19%. All three parties invested with their own capital. The deal has been approved by the board of directors. It aims to integrate sales resources, improve collaboration efficiency, and reduce costs. There is no significant impact on the company's finances.