Zhitong Finance App News, Shanghai Petrochemical Co., Ltd. (00338.HK) issued an announcement. The board of directors reviewed and approved the company's intention (as the trustee) to sign an entrustment contract with Baling New Materials (as the client) on December 16, 2025. According to this, the company will provide personnel loan services to Baling New Materials, at a consideration of approximately RMB 52.722,300 (total tax included). The entrustment contract will be signed before December 31, 2025.

Zhitong Finance App News, Shanghai Petrochemical Co., Ltd. (00338.HK) issued an announcement. The board of directors reviewed and approved the company's intention (as the trustee) to sign an entrustment contract with Baling New Materials (as the client) on December 16, 2025. According to this, the company will provide personnel loan services to Baling New Materials, at a consideration of approximately RMB 52.722,300 (total tax included). The entrustment contract will be signed before December 31, 2025.