Group 1 - The announcement details a capital increase by China Haisong Wuhan Company to its affiliate, Haisong Wuhan Real Estate Company, through a cash injection, with both parties contributing equally [1][8] - The registered capital of Haisong Wuhan Real Estate Company will increase from 16,700 million RMB to 19,945 million RMB, maintaining a 50% ownership stake for both China Haisong Wuhan Company and Poly Development Wuhan Company [8][7] - The transaction is classified as a related party transaction, as Poly Development Wuhan Company is a wholly-owned subsidiary of Poly Development Holdings Group, which is controlled by China Poly Group [1][4] Group 2 - The independent directors of the company held a special meeting to review the related party transaction, concluding that it aligns with the actual funding needs for the construction of the office building and does not harm the interests of minority shareholders [6][8] - Financial data for China Haisong Wuhan Company shows total assets of 46,090.91 million RMB and net assets of 19,771.07 million RMB as of December 31, 2024, with a net profit of 4,557.81 million RMB for the same period [3][4] - Poly Development Wuhan Company reported total assets of 1,547,504.56 million RMB and a net loss of 13,101.73 million RMB for the year ending December 31, 2024 [4][5]
中国海诚: 关于全资子公司武汉公司向参股公司增加注册资本暨关联交易的公告