VCG(SZ:000681) Zheng Quan Zhi Xing·2025-06-30 16:11Core Viewpoint - The company, Vision China Cultural Development Co., Ltd., has approved a related party transaction involving a lease agreement with Beijing Hongruida Technology Co., Ltd. to secure office space for its long-term operational needs [1][2]. Summary by Sections Related Party Transaction Overview - The company plans to lease a total area of 3,335.8 square meters located at No. 10 Jia, Jiuxianqiao North Road, Chaoyang District, Beijing, for a period of three years from July 1, 2025, to June 30, 2028 [1][4]. - The annual rent is set at RMB 5,479,051.50, totaling RMB 16,437,154.50 over the lease term [1][5]. - Additional costs include property service fees of RMB 4,151,903.47 and other operational expenses, bringing the total transaction amount to a maximum of RMB 23,469,057.97 [1][5]. Related Party Information - Beijing Hongruida Technology Co., Ltd. is a wholly-owned subsidiary of China Intelligent Transportation Systems (Holdings) Limited, with the company's chairman, Mr. Liao Jie, serving as the chairman of the board for the parent company [2][4]. - The company has confirmed that the transaction does not constitute a major asset restructuring as defined by relevant regulations [2][4]. Financial Data of Related Party - As of December 31, 2024, Hongruida Technology reported total assets of RMB 250.98 million and net assets of RMB 206.67 million, with an annual revenue of RMB 18.29 million and a net profit of RMB 2.88 million [2][3]. Pricing Policy and Basis - The pricing for the lease was determined based on market rates and mutual agreement, ensuring fairness and compliance with commercial norms [4][6]. Purpose and Impact on the Company - The transaction is aimed at supporting the company's operational needs and is expected to have no adverse effects on its financial status or operational results [5][6]. - The company maintains that it will not become dependent on the related party due to this transaction, preserving its independence [5][6]. Independent Directors' Opinion - The independent directors unanimously agreed that the lease agreement is necessary for the company's operations and adheres to principles of fairness and reasonableness, ensuring no significant negative impact on the company's financial health [6][7].