pingmei coal(SH:601666) Zheng Quan Zhi Xing·2025-05-20 12:17Core Viewpoint - The company plans to sign a "Management Entrustment Agreement" with China Pingmei Shenma Group and its subsidiaries to manage certain coal mining assets, addressing competition issues and ensuring the protection of minority shareholders' interests [1][2][3] Group 1: Overview of the Transaction - The company will manage 60% of the equity in Ruiping Coal Power, 51% in Jingsheng Coal Industry, 100% in Pingyu Coal Power and Xiadian Coal Industry, and 75% in Liangbei No. 2 Mine, with a management period of 3 years and an annual fee of 600,000 per entity [1][3] - This transaction is classified as a related party transaction and does not constitute a major asset restructuring, thus not affecting the company's consolidated financial statements [1][3][9] Group 2: Purpose and Impact of the Transaction - The transaction aims to resolve the competition issue between the company and its controlling shareholder, China Pingmei Shenma Group, without adversely affecting the company's financial status or operational results [8][9] - The agreement will not harm the company's independence or change the scope of its consolidated financial statements, ensuring the interests of minority shareholders are protected [8][9] Group 3: Approval Process - The independent directors have reviewed and approved the proposal for the agreement, which will be submitted to the board for further approval [9] - Related directors have abstained from voting to ensure compliance with regulations, and the supervisory board has also reviewed the proposal with related supervisors abstaining [9]