<p>SINOPEC KANTONS (00934.HK) announced that the joint venture Rizhao Shihua has initiated liquidation procedures. Accordingly, its related assets will be sold to an independent third party, with a transaction price of approximately RMB 2.41 billion. In accordance with relevant accounting standards, the group expects to recognize a loss of approximately HKD 127 million in 2026 due to the liquidation of Rizhao Shihua</p>

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<p>SINOPEC KANTONS announced that the joint venture Rizhao Shihua has initiated liquidation procedures. Accordingly, its related assets will be sold to an independent third party, with a transaction price of approximately RMB 2.41 billion. In accordance with relevant accounting standards, the group expects to recognize a loss of approximately HKD 127 million in 2026 due to the liquidation of Rizhao Shihua</p>

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SINOPEC KANTONS and Rizhao Shihua Joint Venture initiate liquidation process