CHINA SANJIANG (02198) announced that on August 1, 2025, Haostar Energy Saving entered into an energy management agreement with Sanjiang Chemical (an indirect wholly-owned subsidiary of the company). Under the agreement, Haostar Energy Saving has agreed to retrofit the drive motors for circulation pumps and auxiliary cooling equipment at Sanjiang Chemical's 6th phase ethylene oxide/ethylene glycol production facility with an annual capacity of 1 million tons. Sanjiang Chemical has agreed to pay Haostar Energy Saving for energy-saving costs based on an agreed profit-sharing arrangement, with annual caps not exceeding RMB 12.5 million, RMB 25 million, and RMB 25 million respectively, for a period of approximately two and a half years from the agreement signing date until December 31, 2027.

The group is primarily engaged in the production and supply of ethylene oxide, ethylene glycol, polypropylene, and surfactants, as well as providing processing services. The energy management agreement will allow the group to expand its business relationship with Haostar Energy Saving and create further synergies for both contracting parties.