Ningbo PIA Automation (SH:688306) Zheng Quan Zhi Xing·2025-03-31 11:23Core Viewpoint - Ningbo Junpu Intelligent Manufacturing Co., Ltd. plans to lease part of its factory to Ningbo Junsen Qunying Automotive Systems Co., Ltd., a company controlled by its actual controller, to improve asset utilization efficiency and generate stable rental income [1][9]. Summary by Sections Overview of the Transaction - The company intends to sign a lease agreement with Junsen Qunying for a factory area of 37,804 square meters, with a rental period not exceeding one year and a total rent not exceeding 21 million RMB [1][2]. - This transaction constitutes a related party transaction but does not qualify as a major asset restructuring under relevant regulations [1][2]. Related Party Transaction Details - The rental price is set at 46.50 RMB per square meter per month, based on market prices, ensuring fairness and transparency [2][8]. - The company has not engaged in related party transactions exceeding 30 million RMB in the past 12 months, ensuring compliance with regulatory thresholds [3]. Counterparty Information - Junsen Qunying is controlled by Wang Jianfeng, with major shareholders including Guangdong Xiangshan Scale Group Co., Ltd. (63%) and Ningbo Junsen Technology Co., Ltd. (28.15%) [3][5]. - The company has a registered capital of 992.7 million RMB and operates in the automotive parts sector [3][5]. Lease Agreement Details - The lease covers specific areas of the factory, including 35,004 square meters of factory space and 2,800 square meters of supporting facilities [7]. - The lease will be effective upon approval by the respective shareholder meetings of both parties [7][10]. Necessity and Impact of the Transaction - The transaction is expected to enhance asset utilization efficiency and provide stable rental income, positively impacting the company's financial status and operational results [9][11]. - The pricing is deemed fair and does not harm the interests of the company or its shareholders, particularly minority shareholders [10][11]. Approval Process - The transaction has been approved by the company's board of directors and supervisory board, with related directors and supervisors abstaining from voting [10][11]. - The independent directors have expressed that the transaction aligns with the company's operational needs and does not affect its independence [10][11].