Core Viewpoint - HNA Technology plans to engage in a strategic cooperation with CWT International Limited, involving the procurement of copper and other metal products, with a total investment not exceeding 250 million RMB [1][2][3] Group 1: Transaction Details - The transaction constitutes a related party transaction due to shared indirect controlling shareholders [1][4] - HNA Technology will use its own funds to purchase copper products from CWT, with the transaction structured under a CIF (Cost, Insurance, and Freight) model [2][3] - The expected cycle for buying and selling goods is approximately 30 days, with total transport time not exceeding 45 days [3] Group 2: Financial Implications - The annual trade scale is projected to reach 1.5 billion RMB, contributing an estimated net income of no more than 15 million RMB, which represents about 1.34% of the expected revenue for 2024 [3][5] - The pricing for the transaction will be based on the London Metal Exchange (LME) floating copper price, with adjustments made based on market conditions [4][5] - CWT's financial status indicates a registered capital of 4.731 billion HKD, total assets of 27.632 billion HKD, and a debt ratio of 82% [5][6]