TRINA(SH:688599) Zheng Quan Zhi Xing·2025-05-30 10:19Core Viewpoint - The company plans to acquire equity from its employee stock ownership platforms associated with its subsidiary, Tianhe Fuhua Energy Co., Ltd, through a cash transaction totaling approximately 262 million yuan [2][3][4]. Summary by Sections Transaction Overview - The company intends to use its own or raised funds to purchase equity from the employee stock ownership platforms: Shanghai Changxin Fuhua, Shanghai Zhongxiang Jingshe, Shanghai Fuqin Hui, Shanghai Fuhui Sheng, Shanghai Fuzhao Xu, and Shanghai Fujia Sheng [2][3]. - The total acquisition amounts for each platform are as follows: - Shanghai Changxin Fuhua: 73,777,130 yuan - Shanghai Zhongxiang Jingshe: 82,580,696.67 yuan - Shanghai Fuqin Hui: 34,633,663.34 yuan - Shanghai Fuhui Sheng: 26,989,978.92 yuan - Shanghai Fuzhao Xu: 26,641,263.75 yuan - Shanghai Fujia Sheng: 17,433,878.02 yuan - Total: 262,056,610.70 yuan [2][3]. Related Party Relationships - The company’s co-chairwoman, Ms. Gao Haichun, is the executive partner of several of the platforms involved in the transaction, establishing a related party relationship [3][4]. - The transaction is classified as a related party transaction but does not constitute a major asset restructuring as defined by regulations [3][4]. Decision and Review Process - The transaction has been approved by the company's board of directors and supervisory board, and it does not require shareholder approval [4][12]. - Independent directors have also reviewed and approved the transaction, confirming it does not harm the interests of the company or its shareholders [12][13]. Basic Information of Related Parties - The related parties involved in the transaction are primarily engaged in management consulting, marketing planning, and technology services, among other activities [5][6]. Basic Information of the Transaction Target - The target of the acquisition, Tianhe Fuhua Energy Co., Ltd, has a registered capital of 2 billion yuan and is primarily involved in solar energy systems and related services [6][8]. - Recent financial data indicates total assets of approximately 2.33 billion yuan and net profit of about 140 million yuan for the year ending December 31, 2024 [8][9]. Pricing Policy and Basis - The acquisition price is based on the actual paid-in capital plus an annualized investment return of 6%, calculated over the actual investment period [9]. Necessity and Impact of the Transaction - The acquisition aims to enhance the company's control over its subsidiary and improve operational stability, which is expected to benefit the company's overall performance and shareholder interests [10][12]. Review Procedures - The independent board and supervisory board have confirmed that the transaction adheres to fair and reasonable principles, ensuring no detriment to the interests of minority shareholders [12][13].