HK Stock Market Move | CHINA SANJIANG (02198) rose nearly 7% recently as its subsidiary reached a purchase agreement with Blue Whale Bio-Energy for purchasing naptha oil.

China Sanjiang (02198) rose nearly 7%, up 6.49% at the time of publication, to 5.25 Hong Kong dollars, with a turnover of 13.9293 million Hong Kong dollars. On the news front, China Sanjiang announced that on April 2, 2026 (after trading hours), Sanjiang Chemical (the company's indirect wholly-owned subsidiary) entered into a naphtha purchase agreement with Blue Whale Bioenergy, with a term of approximately 9 months until December 31, 2026. With the commercial operation of the Group's sixth phase of ethylene oxide (EO) / ethylene glycol (EG) production facilities (annual production capacity of 1 million tons) and its supporting upstream naphtha / ethane / propane - ethylene / propylene production facilities, the overall annual production capacity of the Group will increase by about 80%. The Group's production facilities (i.e. the sixth phase of EO / EG production facilities and its supporting upstream petrochemical production facilities) require naphtha as one of their production raw materials. The naphtha purchase agreement will be based on a non-exclusive basis, allowing the Group to obtain additional sources of naphtha supply to further ensure the stable supply of naphtha used in its production.