BHCC(SH:600800) Shang Hai Zheng Quan Bao·2026-01-20 18:37Core Viewpoint - The company held its 21st meeting of the 10th Board of Directors on January 20, 2026, where several key proposals were approved, including expected related party transactions for 2026, an investment plan, and a notice for the first extraordinary shareholders' meeting of 2026 [1][4][8]. Group 1: Board Meeting Resolutions - The board approved the proposal regarding the expected daily related party transactions for 2026, which requires further approval from the shareholders' meeting [1][29]. - The board unanimously approved the investment plan for 2026 with all 9 votes in favor [4]. - A proposal for the first extraordinary shareholders' meeting of 2026 was also approved, with all 9 votes in favor [8]. Group 2: Related Party Transactions - The expected daily related party transactions for 2026 include purchasing raw materials, fuel, and power from related parties, as well as selling products to them, all adhering to fair and reasonable principles [28][36]. - The board's independent directors previously reviewed and approved the related party transaction proposal, confirming it aligns with the company's development needs and does not harm the interests of minority shareholders [30][36]. Group 3: Loan Guarantee from Controlling Shareholder - The company plans to apply for loans totaling 3.254 billion yuan in 2026, with its controlling shareholder, Tianjin Bohai Chemical Group, providing a guarantee for these loans [45]. - The guarantee fee is set at 0.1% of the guaranteed amount, with an estimated total not exceeding 2.02 million yuan per year [46][50]. - This transaction is deemed necessary for enhancing credit ratings and ensuring smooth financing, with no adverse effects on the company's independence or financial health [52].