CECM(SZ:300385) Zheng Quan Zhi Xing·2025-05-30 12:13Group 1 - The company intends to sign a termination agreement for the entrusted management agreement with Ma'anshan Green Xin Environmental Technology Co., Ltd. due to changes in shareholding and loss of actual control by the party involved [1][2] - The termination agreement will officially take effect upon signing by all three parties involved [2][5] - The transaction constitutes a related party transaction as per the Shenzhen Stock Exchange regulations, requiring approval from the shareholders' meeting [2][6] Group 2 - New Su Green Energy (Jiangsu) Co., Ltd. is a wholly-owned subsidiary of New Su Environmental Industry Group, which is controlled by the local government [2][4] - The financial data for Ma'anshan Green Xin Environmental Technology Co., Ltd. shows total assets of 81.57 million yuan and total liabilities of 0.54 million yuan as of December 31, 2024 [4] - The company has not generated any revenue and reported a net loss of approximately 3.31 million yuan for the year ending December 31, 2024 [4][6] Group 3 - The purpose of the termination agreement is to eliminate potential competition issues since New Su Green Energy no longer has actual control over Ma'anshan [6] - The company has engaged in related party transactions totaling approximately 8.12 million yuan since the beginning of the year, all of which have complied with relevant approval procedures [6][7] - The board of directors, excluding related directors, unanimously agreed that the termination of the agreement aligns with the interests of all parties and does not harm the company's or shareholders' interests [6][7]