Sichuan Meifeng announced that its wholly-owned subsidiary Jialan Company plans to sign a Framework Procurement Contract for Chemical Products with Tianjin Yuetai, under which Jialan Company will supply diesel vehicle exhaust treatment fluid to Tianjin Yuetai, with an expected supply volume of 60,600 tonnes and an estimated contract value of approximately 79.2 million yuan. Since Tianjin Yuetai and Sichuan Meifeng's controlling shareholder are both controlled by China Petrochemical Corporation, this transaction constitutes a related-party transaction. The matter is to be submitted to the company's board of directors for deliberation and does not require approval by the shareholders' meeting.
Sichuan Meifeng Chemical Industry Co LtdWholly-owned subsidiary Jialan will supply 60,600 tonnes of diesel exhaust treatment fluid to Tianjin Yuetai under a ~79.2 million yuan procurement contract.
