IRON TECH(SH:688329) Zheng Quan Zhi Xing·2025-08-11 16:26Core Viewpoint - Suzhou Ailong Technology Co., Ltd. plans to acquire a factory building from its affiliate, Chuzhou Zhuyi Technology Co., Ltd., for approximately RMB 13.5 million, which is part of a related party transaction [1][2][9]. Summary by Sections 1. Overview of Related Party Transaction - The transaction involves the purchase of a factory located at No. 1, Quanzhou Road, Chuzhou City, Anhui Province, by the company's subsidiary, Yigu Research Institute, for business development needs [2][6]. - The expected transaction price is RMB 13.5 million, funded by the subsidiary's own or self-raised funds [2][6]. 2. Board Approval Process - The transaction has been approved by the company's board and supervisory committee, with related directors abstaining from voting [3][10]. - The transaction does not require shareholder meeting approval as it does not meet the threshold [3][10]. 3. Transaction Counterparty Information - The seller, Chuzhou Zhuyi Technology Co., Ltd., was established on December 22, 2021, with a registered capital of RMB 150 million [4][5]. - The company is involved in real estate development and various management services [4][5]. 4. Asset Details - The factory building has a total area of 8,010.72 square meters and is not subject to any mortgages or legal disputes [6][8]. - The transaction price is based on market rates for similar properties and is deemed fair and reasonable [6][9]. 5. Impact on the Company - The transaction aligns with the company's long-term strategic goals and will not adversely affect its financial status or operational independence [9][10]. - The board and supervisory committee believe the transaction will benefit the subsidiary's sustainable development [10]. 6. Historical Related Transactions - The company previously announced a financing guarantee for Chuzhou Zhuyi Technology, which was approved by shareholders, but no actual guarantees have been provided to date [1][11].