Zheng Quan Zhi Xing·2025-06-13 12:45Core Viewpoint - The company is addressing potential issues of industry competition arising from the asset restructuring involving the North Investment Group and the Traffic Science Group, with measures in place to mitigate conflicts of interest and ensure compliance with regulatory requirements [2][3][19]. Group 1: Industry Competition - The restructuring plan indicates that there will be overlapping business areas between subsidiaries of North Investment Group and Traffic Science Group in fields such as smart engineering, surveying and design, and testing [2][3]. - North Investment Group has committed to rectifying existing contracts and refraining from signing new contracts that would create competition with Traffic Science Group, with a five-year plan to resolve any potential conflicts [2][3][7]. - The company will utilize various methods such as asset restructuring, equity transfer, and business adjustments to address competition issues within five years post-restructuring [2][3][7]. Group 2: Financial Data Disclosure - The company is required to disclose the revenue and gross profit figures for North Investment Group and its subsidiaries in the smart engineering, surveying and design, and testing fields, along with their performance commitments [3][4]. - The revenue and gross profit from the smart engineering sector represent 6.33% and 1.88% of Traffic Science Group's corresponding figures, respectively, while the figures for the surveying and design sector are 28.52% and 23.79% [4][5][6]. - The testing sector's revenue and gross profit account for 7.70% and 7.32% of Traffic Science Group's main business, indicating a relatively low impact from competitive business activities [6][7]. Group 3: Measures to Avoid Competition - Different subsidiaries will adopt various strategies to avoid competition, including commitments to limit new competitive business and the potential for future integration into the listed company [7][13][14]. - The company has outlined a plan for the management and operational oversight of subsidiaries that may pose competitive risks, ensuring that decisions align with the interests of the listed company and its shareholders [19][20]. - The management of these subsidiaries will be transferred to the listed company under a trust agreement, which will last for up to five years or until the competitive issues are resolved [20][21].