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Xinye Shares Subsidiary Signs Framework Procurement Contract for Polyacrylamide for Oil Displacement
Xinye Shares announced that its subsidiary, Dongying Baomo Environmental Engineering, has signed a Chemical Products Framework Procurement Contract Agreement with Sinopec International. The contract is valid until August 20, 2027. The subject matter is Type II granular polyacrylamide for oil displacement, with supply covering four major executing enterprises including Shengli Oilfield. Actual supply quantities will be based on purchase orders. This contract signing falls within the scope of daily operations and will not adversely affect the company's business independence.