What is the main purpose of this announcement?

The announcement is to set a new merger effective date between China Petrochemical Development Corporation (CPDC) and its wholly-owned subsidiary, Zhaoxin Chemical Co., Ltd.

When was the merger initially approved?

The merger was approved by the board of directors on December 11, 2023 (114/12/11).

What were the previous merger effective dates announced?

The initial effective date was set for February 1, 2026 (115/02/01), then adjusted to April 1, 2026 (115/04/01), and now postponed again.

What is the new merger effective date?

The new merger effective date is set for June 1, 2026 (115/06/01).

Why has the merger effective date been postponed?

The postponement is due to ongoing operational procedures and progress.

Will this merger affect CPDC's financial or business operations?

The company states that there will be no impact on its financial or business operations.

AI News NQ Analysis

CPDC Announces New Merger Effective Date with Subsidiary Zhaoxin Chemical

NQ Score 50/100

AI Summary (NQ-processed)

China Petrochemical Development Corporation (CPDC) announced on May 15, 2025 (115/05/15) that the merger effective date with its 100% subsidiary, Zhaoxin Chemical Co., Ltd., has been set for June 1, 2026 (115/06/01). This is a postponement from the previously announced April 1, 2026 (115/04/01) date. The company cited ongoing operational procedures and progress as the reason for the delay. CPDC stated that this change will have no impact on its financial or business operations. The merger was initially approved by the board on December 11, 2023 (114/12/11), with an initial effective date set for February 1, 2026 (115/02/01).

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Frequently Asked Questions

Q: What is the main purpose of this announcement?: A: The announcement is to set a new merger effective date between China Petrochemical Development Corporation (CPDC) and its wholly-owned subsidiary, Zhaoxin Chemical Co., Ltd.
Q: When was the merger initially approved?: A: The merger was approved by the board of directors on December 11, 2023 (114/12/11).
Q: What were the previous merger effective dates announced?: A: The initial effective date was set for February 1, 2026 (115/02/01), then adjusted to April 1, 2026 (115/04/01), and now postponed again.
Q: What is the new merger effective date?: A: The new merger effective date is set for June 1, 2026 (115/06/01).
Q: Why has the merger effective date been postponed?: A: The postponement is due to ongoing operational procedures and progress.
Q: Will this merger affect CPDC's financial or business operations?: A: The company states that there will be no impact on its financial or business operations.