Xinye Co., Ltd. announced that the subsidiary Baomo Environmental recently signed a “Chemical Product Framework Purchase Contract Agreement” with Sinopec International Business Co., Ltd., which is valid until August 20, 2027. In the past three years, Baomo Environmental has continued to supply polyacrylamide type II granular products for oil removal to various oil fields under Sinopec. Due to undetermined supply share allocation rules, and there is room for fluctuation in actual supply volume, etc., it is impossible to estimate the impact of the contract on finance and operations at this stage. The final supply volume is based on the actual order placed by the tenderer.

Xinye Co., Ltd. announced that the subsidiary Baomo Environmental recently signed a “Chemical Product Framework Purchase Contract Agreement” with Sinopec International Business Co., Ltd., which is valid until August 20, 2027. In the past three years, Baomo Environmental has continued to supply polyacrylamide type II granular products for oil removal to various oil fields under Sinopec. Due to undetermined supply share allocation rules, and there is room for fluctuation in actual supply volume, etc., it is impossible to estimate the impact of the contract on finance and operations at this stage. The final supply volume is based on the actual order placed by the tenderer.