Sinopec Shanghai Petrochemical (00338) held its 2026 First Extraordinary General Meeting (EGM) on 3 March 2026 at Jinshan District in Shanghai. A total of 761 shareholders and proxies were present, holding around 5.96 billion shares with voting rights. This accounted for approximately 56.58% of the company’s total outstanding shares eligible to vote.

The sole resolution focused on consolidating Shanghai Jinshan Baling New Materials Co., Ltd. into the company’s financial statements. Abstention rules, triggered by connected transactions, excluded China Petroleum & Chemical Corporation and its associates—holders of 5.52 billion shares—from voting. The resolution was approved by the required majority, registering 99.32% of the votes in favor.

In accordance with legal advice, the convening procedures and voting process were compliant with relevant regulations, confirming the validity of the EGM’s outcome. The company’s legal counsel also affirmed that the EGM satisfied the necessary requirements under applicable laws and the articles of association.