Chengdu Expressway Signs New Refined Oil Framework Agreement with PetroChina Branch

Reuters2025-12-29

Chengdu Expressway Signs New Refined Oil Framework Agreement with PetroChina Branch

Chengdu Expressway Co., Ltd. announced that its subsidiary, Chengdu Zhongyou Energy Co., Ltd., has entered into a new Refined Oil Framework Agreement with the Chengdu Sales Branch of PetroChina. The agreement, effective from 1 January 2026 to 31 December 2028, allows Zhongyou Energy to purchase refined oil, including petrol and diesel, from PetroChina. The selling price will be the most favourable offered and will not exceed the prevailing wholesale price set by the Sichuan Sales Branch of PetroChina or the guidance price published by the National Development and Reform Commission (NDRC). The transaction is subject to reporting and announcement requirements but is exempt from certain circular and shareholder approval requirements under the Hong Kong Listing Rules.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chengdu Expressway Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251229-11969328), on December 29, 2025, and is solely responsible for the information contained therein.

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Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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