Maoming Petrochemical Shihua Co., Ltd. (hereinafter referred to as "Shihua" or "the Company") and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Basic Situation of New Daily Related Transactions for 2026
(1) Reviewed Daily Related Transactions
On April 27, 2026, Maoming Petrochemical Shihua Co., Ltd. held the fifth meeting of the thirteenth board of directors, and on May 21, 2026, the company held the 2025 annual shareholders' meeting. The meetings reviewed and approved the proposal on the estimated daily related transactions for 2026. The approved amounts for daily related transactions are as follows: 633.52 million yuan with enterprises within the Sinopec system, 17.50 million yuan with the controlling shareholder and its subsidiaries, and 6.20 million yuan with associated companies. Therefore, the total estimated amount for daily related transactions in 2026 is 635.89 million yuan. This related transaction does not constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Reorganizations of Listed Companies" and does not require approval from relevant departments.
(2) Overview of New Daily Related Transactions for 2026
To expand the company's white oil raw material channels, the company and its subsidiaries plan to purchase fuel oil and other white oil products from Guangdong Liyuan Petroleum Co., Ltd. in 2026, with an estimated purchase amount of 180 million yuan. The pricing method will be negotiated based on market prices. After increasing the estimated amount for the above related transactions, the total estimated amount for related transactions in 2026 is adjusted to 653.89 million yuan, with the estimated amount for transactions with enterprises within the Sinopec system adjusted to 651.52 million yuan. As of May 20, 2026, the amount incurred with Guangdong Liyuan Petroleum Co., Ltd. is 0 yuan.