Hylink(SH:603825) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-14 08:48Group 1 - The company, Huayang Lianzhong Digital Technology Co., Ltd., plans to jointly invest with its controlling shareholder, Hunan Xiangjiang New District Development Group Co., Ltd., to establish a joint venture company named Hunan Huayang Cultural Tourism Operation Management Co., Ltd. The total investment amount is 402 million RMB, with the company contributing 205 million RMB in cash for a 51% stake, while Xiangjiang Group will contribute 100% equity of Hunan Xiangjiang Urban Operation Management Co., Ltd. valued at 197 million RMB for a 49% stake [12][14][29] - The joint venture aims to enhance the company's strategic collaboration and operational capabilities in the digital cultural tourism sector, which is seen as a necessary move to counteract the declining growth in the digital marketing industry [29][30] Group 2 - The supervisory board meeting held on August 12, 2025, approved the proposal for the joint investment, with all three supervisors present voting in favor [5][7][33] - The board of directors also approved the proposal during its meeting on the same day, with a unanimous vote of 4 in favor and 3 abstentions from related directors [78] - The proposal will be submitted for approval at the upcoming fifth extraordinary general meeting of shareholders scheduled for August 29, 2025 [9][52] Group 3 - The joint venture is expected to improve the company's business structure and strengthen its competitive edge, provided that the projects are executed as planned and yield the anticipated returns [30][29] - The company has established mechanisms to manage related party transactions, ensuring transparency and fairness in pricing, and has committed to disclosing relevant information to protect minority shareholders' interests [25][26][27]