Shanghai Petrochemical Company and Sinopec Group renew service framework

On October 23, Shanghai Petrochemical Co., Ltd. (00338. HK) announced that since the existing framework agreement will expire on December 31, 2019, and to ensure the normal operation of the company is not affected, the company has signed the renewed framework agreement on product mutual supply and sales services with Sinopec Group and Sinopec Group on October 23, 2019, and the renewed comprehensive services with Sinopec Group. Framework agreement, valid for three years until December 31, 2022. The renewed framework agreement shall be approved by the company's first extraordinary general meeting of shareholders in 2019 through relevant resolutions and the expected continuing connected transactions under the renewed framework agreement, including the annual high limit.