CCEGC(SH:600939) Zheng Quan Zhi Xing·2025-06-10 10:28Core Viewpoint - The company plans to provide financial assistance to its associate company, Chongqing Tongyue Expressway Co., Ltd., to address its initial operational funding gap, amounting to a maximum of 73.1 million yuan, with a three-year term and interest based on the LPR [1][3][10]. Summary by Sections Transaction Overview - The financial assistance is intended to cover the operational funding gap of Tongyue Expressway during its initial phase, with the company providing support according to its 43% shareholding [3][6]. - The assistance will be capped at 73.1 million yuan, with interest rates following the five-year LPR, payable quarterly [1][3]. Related Party Information - Tongyue Expressway is a controlled enterprise of Chongqing Highway Group, which holds over 5% of the company's shares, thus qualifying it as a related party under the Shanghai Stock Exchange regulations [4][5]. - In the past 12 months, the company has engaged in related party transactions totaling 68.8 million yuan, representing 0.88% of the latest audited net assets [2][3]. Financial Assistance Details - The funds will primarily be used for repaying existing loans and settling construction project payments [6][9]. - The company has established a management system for external financial assistance, ensuring continuous risk assessment of Tongyue Expressway's financial health [9]. Impact on the Company - The financial assistance is expected to have a minimal adverse impact on the company's operations and asset status, as the funding is relatively small [9][10]. - The company will enhance monitoring of the use of the funds and closely observe Tongyue Expressway's operational and financial conditions to mitigate risks [9][10]. Approval Process - The proposal for financial assistance was approved unanimously by non-related directors during the board meeting held on June 10, 2025, and will be submitted for shareholder approval [2][10]. - The board's audit committee has also reviewed and supported the proposal, confirming that it aligns with the company's long-term strategic goals [10].