JiaYi Holdings (01025.HK) subsidiary Yongran and Haohui Xingye are interested in cooperating to develop the petrochemical business in China.

Information from the Wisdom Finance APP, Jia Yi Holdings (01025.HK) issued an announcement that on May 2, 2025, its indirectly wholly-owned subsidiary Yongran Limited (Yongran) entered into a non-legally binding Memorandum of Understanding with Haohui Xingye Limited (Haohui Xingye). According to the memorandum, Yongran and Haohui Xingye intend to cooperate in the development of petrochemical business in China, focusing on industrial operations such as natural gas production, natural gas processing, liquefied gas processing, natural gas collection services, and related businesses (collaborative business). The aim of this cooperation is to enhance the energy efficiency of China's petrochemical industry and promote its sustainable development.