SJFW(SH:600616) Zheng Quan Zhi Xing·2025-06-20 08:23Core Points - The company held its second board meeting on June 20, 2025, where it approved the change of related party for daily transactions in 2025, specifically with Shanghai Mingyue Quansheng Wine Development Co., Ltd. [1] - The board meeting was attended by 9 directors, with 7 votes in favor of the proposal, and no votes against or abstentions [1]. - The company plans to conduct daily related transactions with a limit of up to 40 million yuan in 2025 [1]. Related Party Changes - Shanghai Mingyue Quansheng is a wholly-owned subsidiary of Shanghai Sugar and Wine (Group) Co., Ltd., the company's controlling shareholder [2]. - Due to business adjustments, the wine sales business of Mingyue Quansheng will be transferred to Bright Wine (Shanghai) Co., Ltd. starting July 1, 2025 [2]. - The transaction limits and content with Mingyue Quansheng will remain unchanged despite the change in related party [2]. Independent Director Review - The independent directors conducted a prior review and agreed that the change in related party is necessary due to the business adjustments of the controlling shareholder [2]. - They confirmed that the change will adhere to fair market principles and will not harm the interests of the company or minority shareholders [2]. - The independent directors supported submitting the proposal to the board for approval [2].