Shang Hai Zheng Quan Bao·2025-04-11 20:37Core Viewpoint - Shanghai Beihigh New Co., Ltd. announced a related party transaction involving a lease agreement between its wholly-owned subsidiary, Shanghai Kaichuang Enterprise Development Co., Ltd., and Shanghai Shutong Liangu Enterprise Management Service Co., Ltd., which is a wholly-owned subsidiary of its controlling shareholder, Shanghai Beihigh Group Co., Ltd. The total rent for the leased properties is approximately RMB 9.44 million over three years [1][2][4]. Transaction Overview - The lease agreement includes two properties located in Jing'an District, Shanghai, with a total area of 2,223.64 square meters. The first property (Property One) has an area of 1,822.55 square meters and a total rent of RMB 7,625,366.95, while the second property (Property Two) has an area of 401.09 square meters with a total rent of RMB 1,815,734.43 [3][10]. - The lease term for Property One is from May 1, 2025, to April 30, 2028, and for Property Two from April 15, 2025, to April 14, 2028 [3][10]. Related Party Transaction - The transaction is classified as a related party transaction due to the relationship between the parties involved. The board of directors approved the transaction unanimously, with related directors abstaining from the vote [4][14]. - The transaction does not constitute a major asset restructuring as defined by the relevant regulations and does not require shareholder approval [2][4]. Related Party Information - Shanghai Shutong Liangu Enterprise Management Service Co., Ltd. was established on September 30, 2024, with a registered capital of RMB 20 million. The company aims to promote the construction of a national blockchain application demonstration zone [6][5]. - As of December 31, 2024, the total assets of Shutong Liangu were approximately RMB 1 million, with a net asset value of approximately RMB 999,980. The company reported no revenue and a slight net loss for the year [6]. Impact on Company - The lease agreement is considered a normal business activity and is not expected to affect the company's independence or financial performance negatively. The pricing is deemed reasonable and fair, adhering to market principles [13][15].