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Sinopec Announces Board Resolution by Key Subsidiary Ting-Yueh Development Co., Ltd. to Terminate Right-of-Use Asset Lease Agreement

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Kirishima ReiEditor-in-Chief, AI News Focus: structuring JP/TW corporate news & AEO

Published Jun 18, 2026 9:00 AM ・ Updated Jun 20, 2026 12:52 AM ・ 2 min read ・ Source: PR Times

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⚡ Key Points

Ting-Yueh Development Co., Ltd., a key subsidiary of Sinopec, has announced the termination of its right-of-use asset lease agreement in response to changing office leasing needs due to business development.
The change is not expected to have a significant impact on the company's financial or operational performance.

Ting-Yueh Development Co., Ltd., a key subsidiary of Sinopec, has announced the termination of its right-of-use asset lease agreement in response to changing office leasing needs due to business development. The change is not expected to have a significant impact on the company's financial or operational performance.

PRIMARY SOURCE PR Times View source Distributor: PR Times
Published: Jun 18, 2026

1. Original announcement date: 114/03/07

2. Brief description of the original announcement: On behalf of its subsidiary, Ting-Yueh Development Co., Ltd., the company announced the acquisition of right-of-use assets from a related party.

3. Reasons for the change and main content: In alignment with evolving business development needs, the company has changed its office leasing arrangements.

4. Impact on the company's financial and business operations after the change: No significant impact on financial or business operations.

5. Other matters to be disclosed: None.

Keywords: Material Information

FACT BOX

Source: PR Times
Category: News
Dates in source: 114/03/07

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Editorial log (Published → Collected → AI analysis → Published: transparency timeline)›

Announced　Jun 18, 2026 9:00 AM — Distributor PR Times
Collected　Jun 19, 2026 5:00 PM
AI structured & analyzed　Jun 20, 2026 12:52 AM
Desk-reviewed & published　Jun 18, 2026 9:00 AM

FAQ

Why is this announcement significant?

It involves changes in related-party transactions, disclosed as material information for financial transparency.

What is a right-of-use asset?

An accounting term under IFRS 16, representing leased assets recorded on the balance sheet.

Are similar announcements expected in the future?

As long as capital efficiency remains a priority, similar asset reviews may occur across subsidiaries.

Cite this article — HOW TO CITE

Washin AI News Desk“Sinopec Announces Board Resolution by Key Subsidiary Ting-Yueh Development Co., Ltd. to Terminate Right-of-Use Asset Lease Agreement”AI News by Washin Village（和心村）, Jun 18, 2026. https://aeo.washinmura.jp/ai/%E4%B8%AD%E7%9F%B3%E5%8C%96/en/news/2026-06-18-%E4%B8%AD%E7%9F%B3%E5%8C%96-%E4%BB%A3%E9%87%8D%E8%A6%81%E5%AD%90%E5%85%AC%E5%8F%B8%E9%BC%8E%E8%B6%8A%E9%96%8B%E7%99%BC%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%E5%85%AC%E5%91%8A%E8%91%A3%E4%BA%8B%E6%9C%83%E6%B1%BA%E8%AD%B0-%E7%B5%82%E6%AD%A2%E4%BD%BF%E7%94%A8%E6%AC%8A%E8%B3%87%E7%94%A2%E7%A7%9F%E8%B3%83%E5%90%88%E7%B4%84

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