Xinjiang Communications Construction (SZ:002941) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-05 00:01Group 1 - The company held its 19th temporary board meeting on August 4, 2025, to discuss and approve a related party transaction involving capital increase for its wholly-owned subsidiary, Xinjiang Green Electric Transportation Industry Technology Co., Ltd. [2][3] - The board approved a capital increase of RMB 43.0576 million, with RMB 41.7159 million allocated to the new registered capital and RMB 1.3417 million to the capital reserve, resulting in a new registered capital of RMB 81.7959 million for the subsidiary [3][8][30]. - Following the capital increase, the company's ownership in the subsidiary will decrease from 100% to 49%, and the subsidiary will no longer be included in the company's consolidated financial statements [3][8][30]. Group 2 - The related party involved in the capital increase is Xinjiang Transportation Investment (Group) Co., Ltd., which holds more than 5% of the company's shares and is classified as a related party under the Shenzhen Stock Exchange regulations [9][12]. - The transaction was approved unanimously by the independent directors, confirming compliance with relevant laws and regulations, and it does not constitute a major asset restructuring [4][30][31]. - The company has conducted a fair valuation of the subsidiary's assets, confirming that the transaction pricing is reasonable and does not harm the interests of minority shareholders [29][30].