Core Viewpoint - Sinochem Fertilizer (00297) has announced the signing of an EPC general contracting agreement for electrical and instrumentation equipment renovation projects, with a total cost not exceeding RMB 31 million [1][2] Group 1: Project Details - The project involves the design, procurement, construction, installation, and commissioning of electrical and instrumentation equipment [1][2] - The electrical renovation includes the replacement of 10kV incoming cables, transformers, low-voltage distribution cabinets, and related grounding system modifications across various distribution rooms [1] - The instrumentation renovation includes the replacement of field instrument cables, control cabinets, and the relocation of distributed control system (DCS) cabinets to new control rooms [2] Group 2: Board Approval - The board of directors, including independent non-executive directors, considers the EPC contract transactions to be conducted on normal commercial terms and in the overall interest of the company and its shareholders [2] - No directors are deemed to have a significant interest in the EPC contract, thus no abstention from voting on the board resolution for the contract approval is required [2]