Zheng Quan Zhi Xing·2025-07-02 16:15Core Viewpoint - The company is adjusting the expected amount of daily related transactions with Weichai Power and its subsidiaries to meet business development needs, which requires approval from the shareholders' meeting [1][2][4]. Group 1: Daily Related Transactions Overview - The company held a board meeting on July 2, 2025, to approve the adjustment of transaction amounts related to the procurement and sales of diesel engines and related products with Weichai Power and its subsidiaries [2][3]. - The board's decision was made after a review by independent directors, and related shareholders are required to abstain from voting [2][4]. Group 2: Adjusted Expected Transaction Amounts - The expected transaction amounts for 2024 are as follows: - Purchases from Weichai Power: 2.3 billion CNY (previously 2.5 billion CNY) - Sales to Weichai Power: 1.8 billion CNY (previously 2.0 billion CNY) - Total expected transactions: 3.2 billion CNY (previously 3.0 billion CNY) [2][3]. - The actual transaction amounts for the previous year were lower than expected due to market conditions, with actual sales of 1.06259 billion CNY compared to an expected 1.17 billion CNY [4][5]. Group 3: Related Parties and Their Financials - Weichai Power, the largest shareholder, has total assets of 353.459 billion CNY and net assets of 125.141 billion CNY as of March 31, 2025 [6][7]. - Weichai Power's subsidiary, Weichai Yangzhou Diesel Engine Co., has total assets of 3.478 billion CNY and net assets of 1.208 billion CNY [6][7]. - Another subsidiary, Shandong Ourun Oil Products Co., has total assets of 1.325 billion CNY and net assets of 0.23 billion CNY [7][8]. Group 4: Transaction Purpose and Impact - The daily related transactions are essential for the company's business development and production needs, ensuring that the pricing is fair and does not harm the interests of non-related shareholders [9]. - The company emphasizes that these transactions will not adversely affect its independence or lead to dependency on related parties [9].