NANTIAN(SZ:000948) Shang Hai Zheng Quan Bao·2025-07-23 18:47Group 1 - The company held its 20th meeting of the 9th Board of Directors on July 23, 2025, with all nine directors present, and the meeting was conducted via communication [1][3][27] - The Board approved the modification of the "Internal Control Standard Manual" to enhance internal control management and risk prevention capabilities [3][5][6] - The Board also approved a framework contract for daily related party transactions with its controlling shareholder, Yunnan Provincial Industrial Investment Holding Group Co., Ltd., with an estimated total amount of 58.27 million yuan for the period of 2025-2027 [7][10][38] Group 2 - The company’s subsidiary, Beijing Xinglian Nantian Technology Co., Ltd., plans to engage in non-recourse factoring business for accounts receivable up to 800 million yuan to improve cash flow and operational efficiency [13][20][17] - The factoring business will not require shareholder approval and is not considered a related party transaction [13][20][18] - The Board and Supervisory Board both agreed that the factoring business aligns with the company's operational needs and will not adversely affect the interests of shareholders [23][24][31] Group 3 - The daily related party transaction framework contract is aimed at supporting the information and digital construction needs of the controlling shareholder [37][38][39] - The contract specifies that the total procurement amount for the three-year period is 58.27 million yuan, with specific procurement details to be determined annually [38][46] - The company has confirmed that the transaction will not impact its independence or the interests of minority shareholders [45][60]