GenSho Logistics(SH:603813) Zheng Quan Zhi Xing·2025-07-11 11:08Core Viewpoint - The announcement details the signing of a "Warehousing and Distribution Contract" between Guangdong Yuanshang Logistics Co., Ltd. and its associate company, Guangdong Shangnong Zhiyun Technology Co., Ltd., which requires approval from the shareholders' meeting. The transaction is deemed beneficial for asset revitalization and operational efficiency, aligning with market pricing standards and not harming the interests of the company or minority shareholders [1][2][6]. Summary of Daily Related Transactions - The board of directors approved the proposal for the "Warehousing and Distribution Contract" with unanimous consent during the meeting held on July 11, 2025 [1][3]. - Independent directors and the audit committee also expressed their agreement, emphasizing that the contract aligns with the company's operational needs and does not compromise its independence [2][3]. Details of the Associate Company - Guangdong Shangnong Zhiyun Technology Co., Ltd. was established on March 26, 2025, with a registered capital of 10 million yuan. The company is 60% owned by Guangdong Xinongren Agricultural Technology Group Co., Ltd. and 40% by Guangdong Yuanshang Logistics Co., Ltd. [4][5]. - As of June 30, 2025, Shangnong Zhiyun reported total assets of 5.12 million yuan, total liabilities of 3.22 million yuan, and net assets of 1.9 million yuan, with an operating income of 47,000 yuan [4]. Contractual Details - The "Warehousing and Distribution Contract" will define the business scope, rights, obligations, and payment arrangements, with pricing based on market conditions at the time of service [6][7]. - The contract is set to be valid for one year and will take effect upon approval by the relevant authority within the company [7]. Impact on the Company - The transaction is expected to enhance operational stability and efficiency, facilitating resource complementarity without creating significant dependency on the associate company, thus maintaining the company's independence [6][7].