Hengyi Petrochemical: Several proposals passed including matters related to dividends, investments, and leadership changes.
Hengyi Petrochemical announced that the company's 38th meeting of the 12th Board of Directors reviewed and approved multiple proposals. For the first half of 2026, it is proposed to distribute 9 yuan for every 10 shares based on the total share capital after deducting repurchased shares, with an expected cash distribution of 3.096 billion yuan. The subsidiary plans to invest in the construction of a 300,000-ton annual waste textile recycling project in Haining and a 400,000-ton annual PA6 melt spinning project. The company intends to nominate Qiu Yibo and 4 others as candidates for non-independent directors of the 13th term, and Hou Jiangtao and 2 others as candidates for independent directors. The half-year report, fundraising report, and other proposals were also approved. Some proposals need to be submitted for shareholders' review, and the company will hold the fourth extraordinary general meeting of shareholders in 2026 on August 28.
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