Yanchang Petroleum subsidiary probes suspected RMB 19.24 million inventory misappropriation

• Yanchang Petroleum International flagged suspected inventory misappropriation at a subsidiary, estimated at RMB 19.24 million.
• Allegations involve a sales staff member, an independent third party, false documents, conspiracy to defraud.
• Case reported to China’s public security bureau; the suspected individuals have been criminally detained.
• Financial impact remains unconfirmed; recovery of inventories or illicit funds is under investigation.
• Plan to appoint external advisers for an independent probe, internal control review, remedial recommendations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yanchang Petroleum International Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260825-12298472), on August 25, 2026, and is solely responsible for the information contained therein.