According to Zhitong Finance App, Shanghai Petrochemical Co., Ltd. (00338.HK) issued an announcement. On December 29, 2025, the board of directors reviewed and approved that Carbon Fiber Company, a wholly-owned subsidiary of the company, plans to simultaneously increase capital and increase the registered capital of RMB 600 million through a private agreement and public listing. The price of this capital increase will be determined based on the evaluation value of completing the corresponding filing procedures in accordance with the relevant regulations on the supervision and administration of state-owned assets, and based on the results of the public listing.

According to Zhitong Finance App, Shanghai Petrochemical Co., Ltd. (00338.HK) issued an announcement. On December 29, 2025, the board of directors reviewed and approved that Carbon Fiber Company, a wholly-owned subsidiary of the company, plans to simultaneously increase capital and increase the registered capital of RMB 600 million through a private agreement and public listing. The price of this capital increase will be determined based on the evaluation value of completing the corresponding filing procedures in accordance with the relevant regulations on the supervision and administration of state-owned assets, and based on the results of the public listing.