GenSho Logistics(SH:603813) Zheng Quan Zhi Xing·2025-04-03 09:17Core Viewpoint - Guangdong Yuanshang Logistics Co., Ltd. plans to sign a warehouse service contract with Guangdong Shangnong Zhiyun Technology Co., Ltd., which is a joint venture in which the company holds a 40% stake, for a lease of warehouse and office space in Guangzhou for a period of 10 years at a rental rate of 32.70 yuan per square meter per month, with a 5% increase every three years [1][2][4]. Summary by Sections 1. Overview of Related Transactions - The company aims to enhance asset utilization efficiency by entering into a warehouse service contract with Shangnong Zhiyun, leasing part of its warehouse and office space [2][4]. - The rental price is set at 32.70 yuan per square meter per month, excluding utilities and management fees, with a contract duration of 10 years [2][5]. 2. Related Party Introduction - Shangnong Zhiyun is a newly established company, with the company holding a 40% stake and Guangdong Xinongren Agricultural Technology Group Co., Ltd. holding 60% [3][4]. - The company has not engaged in any transactions with Shangnong Zhiyun in the past 12 months [2][3]. 3. Basic Information of the Transaction Target - The leased property includes part of the warehouse and office space located at 25 Dongzhong Road, Guangzhou, which is owned by the company and free from any encumbrances [4][5]. 4. Assessment and Pricing of the Transaction Target - The transaction adheres to fair market principles, with pricing based on market rates and mutual agreement, ensuring no harm to the company or minority shareholders [4][6]. 5. Main Content and Performance Arrangements of the Contract - The contract specifies a rental area of 1,000 square meters, with a payment method of monthly settlement and a two-month rent-free period at the start of the contract [5][6]. - The contract will take effect after approval by the company's authorized body [5][6]. 6. Impact of Related Transactions on the Listed Company - The transaction is conducted under market rules, ensuring fair pricing and independence of the company, with no reliance on the related party for its main business operations [6][7]. 7. Review Procedures for Related Transactions - The board of directors and independent directors have approved the contract, affirming its benefits for asset efficiency and compliance with company needs [6][7].