HSPC(SH:603353) Zheng Quan Zhi Xing·2025-08-08 16:24Group 1 - The company, Hunan Heshun Petroleum Co., Ltd., plans to absorb and merge its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd., to enhance resource advantages, improve operational efficiency, and reduce management costs [1][3] - The merger will result in the complete dissolution of Xiangtan Zhongyou, with all its business, assets, personnel, debts, and rights being inherited by the company [1][3] - The merger does not constitute a related party transaction or a significant asset restructuring as defined by regulations, thus does not require shareholder approval [1][3] Group 2 - Hunan Heshun Petroleum Co., Ltd. has a registered capital of 173.394 million RMB and reported total assets of 2,027.0646 million RMB, with a net asset value of 1,666.5761 million RMB as of December 31, 2024 [1][2] - Xiangtan Zhongyou Sales Co., Ltd. has a registered capital of 30 million RMB, total assets of 556.7799 million RMB, and a net asset value of 97.8819 million RMB as of December 31, 2024, but reported a net loss of 4.3406 million RMB for the year [2][3] - The merger is expected to maximize the company's benefits without adversely affecting its normal operations or financial status, particularly benefiting minority shareholders [1][3]