Group 1 - The company announced that its board will review and approve the consolidation of Baling New Materials on January 8, 2026, which will enhance the company's voting rights and governance over Baling New Materials [1] - After the consolidation, Baling New Materials will be included in the company's consolidated financial statements and will become a subsidiary, although the equity structure remains unchanged [1] - The company plans to sign a new joint venture agreement with Hunan Petrochemical by March 31, 2026, following the approval of the consolidation at an extraordinary shareholders' meeting [1] Group 2 - Baling New Materials is a developer and manufacturer of high-end new materials, including thermoplastic elastomers, and the consolidation will fill a critical gap in the company's strategic layout in the high-end materials sector [2] - The consolidation is expected to optimize the company's product structure and enhance its competitive advantage by leveraging synergies between Baling New Materials and the company [2] - Baling New Materials has been recognized as a significant industrial project in Shanghai, indicating its importance in the local industry [2]
上海石油化工股份拟并表巴陵新材料