JINYUAN HCHEM (02502.HK) launches crude benzene hydrogenation capacity expansion with RMB37 million investment

NewTimeSpace News: On November 9, 2026, Henan Jinyuan Hydrogenated Chemicals Co., Ltd. (02502.HK) issued a voluntary announcement stating that it has commenced a project to expand its crude benzene hydrogenation capacity and upgrade the related equipment.

According to the announcement, the project aims to enlarge the group's capacity for hydrogenated benzene-based chemical products so as to fully leverage the economies of scale of its equipment and to raise the output rate of higher-margin products through more advanced technology. The technologies proposed for the upgrade have already achieved safe and stable operation with notable results in the industry, and the group has an experienced production management and technical team capable of supporting the project's construction, commissioning and operation.

The project's capital investment is estimated at about RMB37 million (tax inclusive), to be funded from the group's internal resources. As all applicable percentage ratios for the project are below 5% (calculated under Rule 14.23A of the Listing Rules), the project does not constitute a disclosable transaction under Chapter 14 of the Listing Rules. The board considers that the terms of the project are fair and reasonable and in the interests of the company and shareholders as a whole.