YTCO(SH:600066) Zheng Quan Zhi Xing·2025-04-03 11:35Core Viewpoint - The announcement details the expected daily related transactions for 2025 by Yutong Bus Co., Ltd, emphasizing that these transactions are essential for normal operations and do not affect the company's independence or reliance on related parties [1][7]. Group 1: Necessity of Daily Related Transactions - The daily related transactions are necessary to meet the operational needs of the company and its subsidiaries, leveraging the professional and resource advantages of related parties for efficient resource allocation [1][7]. - These transactions allow the company to focus on its core business, reduce unrelated activities, and enhance negotiation power and brand influence against third-party suppliers [1][7]. Group 2: Review Procedures for Daily Related Transactions - The board approved the expected daily related transactions for 2025 with a unanimous vote of 3 in favor, 0 against, and 0 abstentions, deeming the expected transaction amounts reasonable [1][7]. - The matter will be submitted for review at the 2024 annual shareholders' meeting, with related shareholders abstaining from voting [1][7]. Group 3: 2024 Annual Related Transaction Execution - The total budget for sales of goods and services in 2024 was CNY 2.567 billion, with actual transactions amounting to CNY 2.443 billion, resulting in an execution rate of 95.17% [1][7]. - Specific transactions included procurement from related parties, with variances noted in expected versus actual amounts for various categories [2][3]. Group 4: Expected Daily Related Transactions for 2025 - The company plans to continue daily related transactions in 2025, with expected amounts totaling CNY 2.111 billion for various procurement and service categories [4][5]. - The expected transaction amounts are based on the 2024 execution data and the company's operational forecasts for 2025 [4][5]. Group 5: Related Party Information - The announcement provides detailed information about related parties, including their registered capital, business scope, and ownership structure, highlighting the interconnected nature of these entities [5][6][7]. - The related parties are involved in various sectors, including vehicle manufacturing, financial services, and property management, indicating a diverse operational ecosystem [5][6][7].