Sinopec Shanghai Petrochemical (00338) convened its board meeting on 22 October 2025 and approved a series of amendments to its Articles of Association and related rules. These changes align with the latest Company Law (2023 Revision) and other regulatory requirements.

The amendments propose abolishing the supervisory committee and integrating its functions into the audit and compliance committee under the board of directors. The organizational framework will be adjusted accordingly, and one employee representative director position will be added.

In addition, the company intends to reduce its registered capital. This follows the cancellation of 256,668,000 overseas-listed H shares repurchased, reducing the total issued shares from 10,799,285,500 to 10,542,617,500. The business scope will also be updated to include new permitted items based on operational needs. The proposed changes will be submitted to the 2025 second extraordinary general meeting for consideration.