Shanghai Petrochemical Company Limited (00338.HK) plans to sign a commission contract with Babcock & Wilcox Materials to provide personnel lending services.

China Fortune Financial APP News, Shanghai Petrochemical Corporation (00338.HK) announced that the board of directors approved the company (as the trustee) to enter into a commission agreement with Babang New Materials (as the client) on December 16, 2025. According to this agreement, the company will provide personnel borrowing services to Babang New Materials, with a consideration of approximately RMB 52.72 million (including total tax). The commission agreement will be signed before December 31, 2025.