CBEST(SH:600729) Zheng Quan Zhi Xing·2025-03-27 10:28Group 1 - The board of directors of Chongqing Department Store Co., Ltd. held a meeting on March 21, 2025, where all 11 directors participated and expressed their opinions, ensuring compliance with legal and regulatory requirements [1] - The board approved the transfer of 51% equity and related debts of Chongqing Shansha Yunzhi Automobile Sales Co., Ltd. to Shanghai Bayin Yimu Enterprise Management Partnership for a total price of 5.1 million yuan, with the equity transfer priced at 1 yuan and the debt transfer at 5,099,999 yuan [2][3] - The board also approved a related party transaction where Chongqing Zhongbai Commercial Factoring Co., Ltd. will provide 35 million yuan in commercial factoring financing to Chongqing Yudu Hotel Co., Ltd. at an interest rate of 5% for a term not exceeding 12 months [2][3] Group 2 - The financial assessment of Chongqing Shansha Yunzhi showed total assets of 30.92 million yuan, total liabilities of 33.19 million yuan, and a net asset value of -2.28 million yuan as of May 31, 2024 [2] - The board's decision on the equity transfer received unanimous approval with 11 votes in favor and no votes against or abstentions [2] - The related party transaction for commercial factoring financing received 7 votes in favor, with 4 directors abstaining due to conflicts of interest [3]