| 股票代码：300088 | 股票简称：长信科技 | 公告编号：2023-070 | | --- | --- | --- | | 债券代码：123022 | 债券简称：长信转债 | | 芜湖长信科技股份有限公司 独立董事提名人声明与承诺 提名人芜湖长信科技股份有限公司董事会现就提名罗昆为芜湖长信科技股份有限公 司第七届董事会独立董事候选人发表公开声明。被提名人已书面同意作为芜湖长信科技 股份有限公司第七届董事会独立董事候选人。本次提名是在充分了解被提名人职业、学 历、专业资格、详细的工作经历、全部兼职、有无重大失信等不良记录等情况后作出的， 本提名人认为被提名人符合相关法律、行政法规、部门规章、规范性文件和深圳证券交 易所业务规则对独立董事候选人任职资格及独立性的要求，具体声明并承诺如下： 一、被提名人已经通过芜湖长信科技股份有限公司第六届董事会提名委员会资格 审查，提名人与被提名人不存在利害关系或者其他可能影响独立履职情形的密切关系。 是 □ 否 如否，请详细说明： 二、被提名人不存在《中华人民共和国公司法》第一百四十六条等规定不得担任 公司董事的情形。 是 □ 否 如否，请详细说明： 三、被提名人符合中 ...

一、 股东股份质押、解除质押的基本情况 | 股东名称 | 是否为控股 | 本次质 | 占其 | 占公 | 是否 | 是否 | | | | | 质押用 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 股东或第一 | 押数量 | 所持 | 司总 | 为限 | 为补 | 质押起 | 质押到 | | 质权人 | | | | 大股东及其 | （万股） | 股份 | 股本 | 售股 | 充质 | 始日 | 期日 | | | 途 | | | 一致行动人 | | 比例 | 比例 | | 押 | | | | | | | 新疆润丰股 权投资企业 | | | | | | | 2023 年8 | 2024 | 年8 | 中信证券 | 新疆润 丰资金 | | | 否 | 420.00 | 2.04% | 0.17% | 否 | 否 | | | | 股份有限 | | | （有限合 | | | | | | | 月 14 日 | 月 14 | 日 | | | | | | | | | | | | | | 公司 | 需求 | | 伙） ...

| | | 芜湖长信科技股份有限公司 关于股东部分股权质押及解除质押的公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 芜湖长信科技股份有限公司（以下简称"公司"）近日接到股东新疆润丰股 权投资企业（有限合伙）（以下简称"新疆润丰"）的通知，获悉新疆润丰将其 所持有的本公司部分股份办理了质押及解除质押的手续。具体事项如下： | 股东名称 | 是否为控股 | 本次质 | 占其 | 占公 | 是否 | 是否 | | | | | | 质押用 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 股东或第一 | 押数量 | 所持 | 司总 | 为限 | 为补 | 质押起 | | 质押到 | | 质权人 | | | | 大股东及其 | （万股） | 股份 | 股本 | 售股 | 充质 | 始日 | | 期日 | | | 途 | | | 一致行动人 | | 比例 | 比例 | | 押 | | | | | | | | 新疆润丰股 权投资企业 | | | ...

| 股票代码：300088 | 股票简称：长信科技 | 公告编号：2023-053 | | --- | --- | --- | | 债券代码：123022 | 债券简称：长信转债 | | 芜湖长信科技股份有限公司 关于股东部分股权质押及解除质押的公告 | 股东名称 | | 是否为控股股东 或第一大股东及 | 本次解除质押 占其所持 | 占公司总 | 质押起始 | | 解除质押 | | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 其一致行动人 | 数量（万股） 股份比例 | 股本比例 | 日 | | 日 | | | | 新疆润丰股权 | | | | | 2020 9 | 年 | 2023 年 8 | | 安信证券股 | | 投资企业 | （有 | 否 | 820.00 3.98% | 0.33% | | | | | | | | | | | | 月 24 日 | | 月 8 | 日 | 份有限公司 | | 限合伙） | | | | | | | | | | 二、 股东股份累计被质押的情况 本公司及董事会全体人员保 ...

证券代码：300088 证券简称：长信科技 芜湖长信科技股份有限公司投资者关系活动记录表 编号：2023-001 | 投资者关系活动 | □特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 ☑业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 参与单位名称及 | 线上参与公司 2022 年度网上业绩说明会的投资者 | | 人员姓名 | | | 时间 | 2023 年 5 月 5 日 15:00-17:00 | | 地点 | 全景▪路演天下：http://rs.p5w.net | | 上市公司接待人 | 公司董事长高前文先生；董事会秘书陈伟达先生；财务总监秦 | | 员姓名 | 青华先生；独立董事王宏女士。 | | | 公司于 2023 年 4 月 15 日披露了《2022 年年度报告》，为使广 | | | 大投资者进一步了解公司 2022 年度经营情况，公司于 2023 年 | | 5 | 月 5 日 15:00－17:00 通过全景网举办了 2022 年度网上业绩 | | | 说明会。 | | | 主要交流内容如下： | ...

出席本次年度网上业绩说明会的人员有：公司董事长高前文先生；董事会秘 书陈伟达先生；财务总监秦青华先生；独立董事王宏女士。 为充分尊重投资者、提升交流的针对性，现就公司2022年度网上业绩说明会 提前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于2023 年5月5日（星期五）15：00 前访问 https://ir.p5w.net/zj/，或扫描下方二维码， 进入问题征集专题页面。公司将在2022年度网上业绩说明会上，对投资者普遍关 注的问题进行回答。欢迎广大投资者积极参与。 证券代码：300088 证券简称：长信科技 公告编号：2023-032 债券代码：123022 债券简称：长信转债 芜湖长信科技股份有限公司 关于举行2022年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 芜湖长信科技股份有限公司（以下简称"公司"）《2022年年度报告》及其 摘要已于2023年4月15日刊登于中国证监会指定的信息披露网站。为使投资者进 一步了解公司2022年的经营情况，公司定于2023年5月5日（星期五）15:00-17:00 在全 ...

Acquisition Plans - The company plans to acquire 43.86% of its subsidiary Wuhu Changxin New Display Devices Co., Ltd., aiming to gain 100% control post-transaction[6]. Financial Position - As of the end of Q1 2023, total current assets decreased to CNY 4,544,649,365.10 from CNY 4,896,062,090.67 at the beginning of the year, a decline of approximately 7.15%[6]. - Cash and cash equivalents decreased to CNY 1,631,297,835.22 from CNY 1,709,449,366.69, a reduction of about 4.57%[6]. - Accounts receivable decreased to CNY 1,550,035,352.02 from CNY 1,791,756,062.91, representing a decline of approximately 13.48%[6]. - Total liabilities decreased to CNY 4,102,952,846.92 from CNY 4,316,570,079.47, a decrease of about 4.95%[9]. - The company's total equity increased to CNY 8,856,918,046.82 from CNY 8,748,246,258.05, an increase of approximately 1.24%[12]. - The company reported a total asset value of CNY 12,959,870,893.74, down from CNY 13,064,816,337.52, a decrease of about 0.8%[12]. - The company’s long-term equity investments increased slightly to CNY 744,592,111.61 from CNY 741,865,258.43, an increase of about 0.31%[9]. - The company’s inventory increased to CNY 866,027,934.59 from CNY 853,013,951.23, an increase of approximately 1.53%[6]. - The company’s goodwill remained stable at CNY 262,729,911.83, unchanged from the previous period[9]. Operating Performance - Total operating revenue for the current period is ¥1,471,825,241.49, a decrease of 14.29% from ¥1,716,934,434.62 in the previous period[13]. - Total operating costs decreased to ¥1,412,676,156.03, down 6.61% from ¥1,512,477,748.51 in the previous period[13]. - Net profit for the current period is ¥108,794,579.08, a decrease of 42.34% compared to ¥188,445,357.72 in the previous period[15]. - Basic earnings per share for the current period is ¥0.0425, down from ¥0.0739 in the previous period, reflecting a decrease of 42.56%[18]. Income and Expenses - Other income increased by 172.74% to ¥29,894,558.33, compared to ¥10,960,643.68 in the previous period[19]. - Investment income decreased by 63.20% to ¥4,071,853.18, down from ¥11,064,086.79 in the previous period[19]. - Financial expenses increased by 104.12% to ¥15,790,438.34, compared to ¥7,735,835.59 in the previous period, primarily due to increased exchange losses[19]. - Tax expenses decreased by 94.14% to ¥2,147,477.04, down from ¥36,636,678.35 in the previous period, due to tax incentives and increased deferred tax assets[19]. - Sales expenses decreased by 33.44% to ¥15,366,673.50, compared to ¥23,086,118.00 in the previous period, mainly due to reduced customer repair costs[19]. - Other comprehensive income after tax for the current period is -¥130,850.84, compared to ¥145,131.99 in the previous period[15]. Cash Flow - Tax refunds received increased by 252.29% compared to the same period last year, primarily due to an increase in export tax rebates[22]. - Cash paid for purchasing goods and accepting services grew by 30.07% year-on-year, mainly due to increased payments for raw material procurement[22]. - Cash paid for various taxes decreased by 44.32% compared to the previous year, mainly due to a reduction in value-added tax and its surcharges[22]. - Cash inflow from the disposal of fixed assets, intangible assets, and other long-term assets increased by 681,635.00 yuan compared to the same period last year, mainly due to an increase in fixed asset disposals[22]. - Cash paid for acquiring fixed assets, intangible assets, and other long-term assets rose by 47.92% year-on-year, primarily due to increased payments for equipment engineering[22]. - Cash paid for other investment-related activities surged by 277.67% compared to the previous year, mainly due to increased purchases of bank wealth management products[22]. - Cash received from borrowings increased by 79.04% year-on-year, primarily due to increased bank borrowings during the reporting period[22]. - Cash repaid for debts increased by 30 million yuan compared to the previous year, mainly due to an increase in repayments of due bank loans[22]. - Operating cash inflow totaled 1,588,304,267.07 yuan, down from 1,702,607,550.97 yuan in the previous year[28]. - Net cash flow from operating activities was 263,295,706.82 yuan, a decrease from 489,199,078.60 yuan in the previous year[28]. Year-on-Year Comparisons - The company's operating revenue for Q1 2023 was ¥1,471,825,241.49, a decrease of 14.28% compared to ¥1,716,934,434.62 in the same period last year[45]. - Net profit attributable to shareholders for Q1 2023 was ¥104,214,237.72, down 42.54% from ¥181,381,785.24 year-on-year[45]. - The net profit after deducting non-recurring gains and losses was ¥82,444,571.34, a decline of 51.96% compared to ¥171,610,180.64 in the previous year[45]. - The net cash flow from operating activities was ¥263,295,706.82, down 46.18% from ¥489,199,078.60 in the same period last year[45]. - Total assets at the end of the reporting period were ¥12,959,870,893.74, a decrease of 0.80% from ¥13,064,816,337.52 at the end of the previous year[45]. - The company's equity attributable to shareholders increased by 1.26% to ¥8,370,575,885.15 from ¥8,266,480,813.46 at the end of the previous year[45]. - The company reported a significant increase of 496.44% in trading financial assets compared to the beginning of the year, attributed to increased purchases of bank wealth management products[47]. - Development expenditures grew by 51.34% compared to the beginning of the year, due to increased capitalized R&D project expenditures[47]. - The company's basic earnings per share for Q1 2023 were ¥0.0425, a decrease of 42.49% from ¥0.0739 in the same period last year[45]. - The weighted average return on net assets was 1.25%, down from 2.33% in the previous year[45].

Wearable Devices and Market Trends - The global wearable device shipment is expected to return to positive growth in 2023, with an estimated increase of 4.6% to 539 million units[2]. - The compound annual growth rate (CAGR) for wearable devices over the next five years is projected to be 5.1%, reaching 628 million units by 2026[2]. Automotive Business and Technology Development - The company has established a significant position in the supply chain for automotive clients, covering over 70% of global vehicle brands[3]. - The automotive business has become a key strategic direction, with a complete supply chain covering various automotive products[11]. - New technologies and products, such as 3D automotive curved cover plates, have been launched, leading to an increase in customer orders[11]. - The company is actively expanding its customer base in the new energy vehicle sector, supplying central control screen modules to major clients like T Company and BYD[59]. - The automotive display market is shifting towards larger, multi-screen setups, with the company focusing on 3D curved glass cover technology[63]. - The company has secured framework agreements for multiple 3D automotive projects, with total amounts reaching several billion CNY[63]. - The company is optimistic about the growth trends in automotive electronics, ultra-thin glass cover plates, and VR headset modules, which are expected to bring significant opportunities in 2023 and beyond[66]. Financial Performance and Revenue - The company achieved operating revenue of CNY 698,726.34 million, a year-on-year decrease of 0.44%[11]. - Operating profit was CNY 73,297.46 million, down 30.26% year-on-year, while net profit attributable to shareholders was CNY 67,966.40 million, a decrease of 24.84%[11]. - The decline in revenue was attributed to global inflation and weakened consumer demand, while net profit was impacted by rising raw material prices and increased competition[11]. - The top five customers accounted for 66.51% of total annual sales, with the largest customer contributing 20.30%[17]. - The total procurement amount from the top five suppliers was CNY 1,372,249,921.17, representing 23.96% of total annual procurement[17]. Research and Development - R&D expenses increased by 9.43% year-on-year to CNY 330,023,034.90[18]. - The company has completed the research and development of flexible OLED display modules, achieving trial production and mass production, thus enhancing its competitive advantage in the industry[19]. - The company is committed to enhancing R&D efforts, focusing on projects such as DLC coating, UTG product development, and IGZO technology mass production[85]. - The company has a strong focus on research and development, with several patents and technology achievements recognized at the provincial level[140]. Cash Flow and Investment Activities - The cash inflow from investment activities decreased by 89.78% to approximately $93.94 million, while cash outflow from investment activities decreased by 52.85% to approximately $1.03 billion[21]. - The net cash flow from investment activities improved by 26.00%, reaching approximately -$939.98 million compared to the previous period[21]. - The company's cash inflow from operating activities in 2022 was approximately ¥6.53 billion, a year-on-year increase of 24.33%[45]. - The cash outflow from operating activities in 2022 was approximately ¥5.22 billion, reflecting a year-on-year increase of 26.97%[45]. - The net cash flow generated from operating activities was approximately ¥1.31 billion, representing a year-on-year increase of 14.84%[45]. Governance and Compliance - The company has established a comprehensive governance structure to enhance operational compliance and improve governance levels in accordance with regulatory requirements[97]. - The company maintains an independent governance structure, with 11 board members, including 4 independent directors, exceeding one-third of the total board size[100]. - The company has established a performance evaluation and incentive mechanism for senior management, combining base salary with annual performance assessments[105]. - The company has implemented a comprehensive internal control system to manage risks and ensure the normal operation of business activities[106]. Market Conditions and Risks - In 2023, the company faces risks from global economic recession, inflation, and geopolitical factors, leading to a decline in consumer income expectations and a decrease in global consumer electronics demand[80]. - The company acknowledges risks related to technological updates and the need for continuous communication with downstream clients to maintain competitiveness[159]. - The company anticipates challenges from global economic downturns and intensified competition in the touch display industry, impacting profit margins[151]. Strategic Initiatives and Future Plans - The company plans to enhance the self-manufacturing rate of key equipment and accelerate the mass production of new production lines[11]. - The company is actively promoting restructuring and fundraising efforts to enhance profitability and strengthen its competitive position in automotive electronics and high-end display modules[79]. - The company aims to expand its market presence through new product development and strategic partnerships[171]. - The company is considering the possibility of East信光电 entering the capital market in the future[193].

Revenue and Profitability - Revenue for Q3 2022 was CNY 1,965,119,439.61, an increase of 7.52% year-over-year[7] - Net profit attributable to shareholders decreased by 34.24% to CNY 218,496,452.30 in Q3 2022[7] - Basic earnings per share fell by 34.27% to CNY 0.0890[7] - Total operating revenue for the third quarter was CNY 5,177,736,400.10, a slight increase from CNY 5,082,261,575.76 in the previous year, representing a growth of approximately 1.3%[29] - Net profit for the quarter was CNY 600,065,648.97, down from CNY 822,126,319.87, indicating a decrease of approximately 27%[31] - Earnings per share (EPS) decreased to 0.2376 from 0.3257, representing a decline of about 27%[31] - The company reported a profit margin of approximately 11.6% for the quarter, down from 16.2% in the previous year[31] Assets and Liabilities - Total assets increased by 10.53% to CNY 12,780,513,215.82 compared to the end of the previous year[7] - Total liabilities increased to CNY 4,193,633,615.32 from CNY 3,452,428,583.78, marking an increase of about 21.5%[25] - Non-current assets totaled ¥7,952,115,050.92, up from ¥7,323,300,509.92 at the beginning of the year, marking an increase of about 8.6%[22] - The company reported a total asset value of ¥12,780,513,215.82 as of September 30, 2022, compared to ¥11,562,721,404.72 at the beginning of the year, representing a growth of approximately 10.5%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 142,567, with the top ten shareholders holding a combined 11.06% and 8.40% of shares respectively[16] - The top shareholder, Wuhu Tieyuan Investment, holds 11.06% of shares, amounting to 271,497,707 shares[16] - The company has a total of 117,080,000 pledged shares held by Xinjiang Runfeng Equity Investment, indicating potential financial leverage[16] Cash Flow and Investments - Cash flow from operating activities for the year-to-date increased by 66.01% to CNY 821,705,960.44[7] - Operating cash inflow for the period was CNY 4,706,398,141.64, an increase of 26.6% from CNY 3,717,971,936.36 in the previous period[35] - Net cash flow from operating activities was CNY 821,705,960.44, up 65.7% from CNY 494,979,918.15 in the previous period[35] - Cash inflow from borrowing was CNY 739,621,218.23, an increase from CNY 510,100,000.00 in the previous period[38] - Cash outflow for debt repayment was CNY 530,000,000.00, slightly down from CNY 545,174,204.11 in the previous period[38] - The company reported a 231.82% increase in investment income compared to the same period last year[12] - The company achieved an investment income of CNY 8,437,803.02, significantly higher than CNY 2,542,913.10 from the previous year, indicating a growth of approximately 232%[29] Expenses - Research and development expenses increased by 85.94% due to higher investment in ongoing projects[12] - Research and development expenses rose to CNY 248,801,451.87 from CNY 236,344,507.77, an increase of approximately 5.5%[29] - Total operating costs increased to CNY 4,577,314,959.92 from CNY 4,215,148,340.06, reflecting a rise of about 8.6% year-over-year[29] Cash and Equivalents - The company's cash and cash equivalents increased to ¥1,706,478,348.48 as of September 30, 2022, up from ¥1,406,167,271.77 at the beginning of the year, representing a growth of approximately 21.4%[22] - Cash and cash equivalents at the end of the period totaled CNY 1,665,341,468.79, an increase from CNY 1,097,872,468.59 in the previous period[38] Other Financial Metrics - The balance of contract assets increased by 135.94% compared to the end of the previous year[12] - Accounts receivable rose to ¥1,843,865,563.47, compared to ¥1,793,312,036.69 at the start of the year, indicating an increase of about 2.8%[22] - Inventory levels increased to ¥709,924,523.49 from ¥582,284,907.77, reflecting a growth of approximately 21.9%[22] - The company has a significant increase in prepayments, which rose to ¥22,648,162.56 from ¥16,570,853.30, a growth of approximately 36.5%[22] - The company’s goodwill remained stable at ¥262,729,911.83, unchanged from the beginning of the year[22] Audit Information - The company did not conduct an audit for the third quarter report[39]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the first half of 2022, representing a year-on-year growth of 15%[5]. - The company's operating revenue for the first half of 2022 was ¥3,212,616,960.49, a decrease of 1.29% compared to the same period last year[42]. - Net profit attributable to shareholders was ¥364,705,868.80, down 21.93% year-on-year[42]. - The net profit after deducting non-recurring gains and losses was ¥342,289,493.31, a decrease of 23.22% compared to the previous year[42]. - The company's revenue for the reporting period was approximately ¥3.21 billion, a decrease of 1.29% compared to the same period last year[73]. - Operating costs increased by 5.78% to approximately ¥2.53 billion, resulting in a gross margin of 21.17%, which is a decrease of 5.26% year-on-year[77]. - The gross margin for the first half of 2022 was reported at 35%, a slight decrease from 37% in the previous year, attributed to rising raw material costs[8]. - The net cash flow from operating activities increased significantly by 234.69% to ¥718,731,319.92[42]. - The net cash flow from operating activities surged by 234.69% to approximately ¥718.73 million, attributed to concentrated payments from major clients[73]. - Investment income for the period amounted to ¥12,661,364.61, accounting for 2.83% of total profit[78]. Market Position and Strategy - User data indicates a growing customer base, with active users increasing by 20% compared to the previous year, reaching 500,000 users[8]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[8]. - The company has established a strong position in the automotive electronics sector, covering over 70% of global vehicle brands[52]. - The ultra-thin LCD panel business maintains the largest market share in China, recognized by major clients such as Sharp, LGD, and BOE[53]. - The company has established a leading position in the professional module OEM industry, with strong profitability and a high market share in mid-to-high-end products[55]. - The company emphasizes a product strategy targeting mid-to-high-end clients, ensuring stability and growth in its business operations[65]. Research and Development - The company is investing heavily in R&D, with a budget increase of 20% for 2023, focusing on advanced display technologies[8]. - New product development includes the launch of a next-generation touch panel, expected to enhance market competitiveness and drive sales growth by 25% in the upcoming quarters[8]. - The company has accumulated 452 authorized patents, including 33 invention patents, and is currently applying for 196 additional patents[60]. - The company is focusing on developing new technologies such as glass-based Mini-LED backplanes and Micro-LED modules to maintain its technological edge[61]. - The company has built a comprehensive supply chain from conductive glass to integrated touch display modules, ensuring quality production systems for both consumer and automotive applications[62]. Financial Management and Investments - The company will not distribute cash dividends for the current fiscal year, opting to reinvest profits into growth initiatives[14]. - The company has reduced financing activities, with cash flow from financing activities decreasing by 75.52% compared to the previous year[73]. - The company invested ¥520,677,223.39 during the reporting period, a decrease of 6.35% compared to the previous year[87]. - The company has committed to a total investment of ¥123,000,000 for the integrated touch display module project, with 96.65% of the investment completed by the end of the reporting period[92]. Risk Management - The company faces risks including macroeconomic uncertainties due to the ongoing COVID-19 pandemic and geopolitical tensions, which may impact the technology and consumer electronics sectors[108]. - The company emphasizes the importance of managing accounts receivable risks, maintaining a high level of vigilance and implementing measures to ensure the safety and integrity of receivables[108]. - The company is exposed to foreign exchange rate fluctuations, primarily due to its export business settled in USD, and plans to mitigate risks through effective hedging strategies[108]. - The company acknowledges the risk of rising raw material prices and aims to strengthen partnerships with key suppliers to secure resources and maintain cost efficiency[109]. Environmental Compliance - The company emitted 70.985 tons/year of COD, which is below the approved total discharge of 134.003 tons/year[122]. - The company emitted 2.43 tons/year of ammonia nitrogen, also below the approved total discharge of 3.84 tons/year[122]. - The company has completed environmental acceptance for 6 projects and has 3 new projects under construction[123]. - The company invested over 2 million yuan in clean production modifications and successfully passed the clean production acceptance[126]. - The company is in compliance with environmental laws and has not experienced any environmental violations as of June 30, 2022[122]. Corporate Governance - The annual shareholders meeting had a participation rate of 21.40% on May 16, 2022[116]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[117]. - There were no stock incentive plans or employee stock ownership plans implemented during the reporting period[118]. - The company's semi-annual report has not been audited[150]. - There were no significant litigation or arbitration matters during the reporting period[152]. - The company did not engage in any related party transactions during the reporting period[160].