TSC(SZ:000877) Zheng Quan Zhi Xing·2025-06-26 16:42Group 1 - The company Tianshan Materials Co., Ltd. has decided to waive its right of first refusal regarding the transfer of 49% equity in its subsidiary, Piyang Zhonglian New Materials Co., Ltd., which is being sold by Henan Zhonghong Industrial Co., Ltd. for a price of 705.6 million yuan [1][4] - The decision to waive the right was approved unanimously in a board meeting, with 9 votes in favor and no opposition or abstentions [1][2] - The transaction does not constitute a major asset restructuring as defined by relevant regulations, and therefore does not require approval from the shareholders' meeting or regulatory authorities [2] Group 2 - Henan Zhonghong Industrial Co., Ltd. holds 49% of the equity in Piyang Zhonglian and is a limited liability company established in June 2017, with a registered capital of 55.56 million yuan [2][3] - Piyang Zhonglian New Materials Co., Ltd. was established in November 2019, has a registered capital of 480 million yuan, and is primarily engaged in mining, aggregate processing, and concrete production [3][4] - The financial data of Piyang Zhonglian shows total assets of 191.09 million yuan as of December 31, 2024 [3]