Zheng Quan Zhi Xing·2025-07-23 09:07Core Points - The board of directors of China Petroleum & Chemical Corporation Shanghai Petrochemical Company Limited held its 18th meeting of the 11th session on July 23, 2025, with all 10 directors present, ensuring compliance with relevant laws and regulations [1][2] - The board approved the establishment of an independent director committee, consisting of five members [1] - The board appointed Shenwan Hongyuan Financing (Hong Kong) Limited as the independent financial advisor for the independent director committee [2] - The company plans to sign a continuous related transaction framework agreement with Sinopec Group and Sinopec Limited to ensure normal operations, as existing agreements will expire on December 31, 2025 [2] - The board also approved the "Shanghai Petrochemical Investment Management Measures" [2]