Shirongzhaoye(SZ:002016) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-15 03:50Core Viewpoint - Guangdong Shiyong Zhaoye Co., Ltd. has approved the expected daily related transactions for 2025, with a total amount not exceeding RMB 175 million, involving two main related parties: Guangdong Baoying Construction Technology Co., Ltd. and Zhuhai Zhaofeng Concrete Co., Ltd. [2][5][25] Group 1: Daily Related Transactions Overview - The company and its subsidiaries expect to engage in daily related transactions totaling up to RMB 175 million in 2025, with RMB 100 million allocated for transactions with Guangdong Baoying Construction Technology Co., Ltd. and RMB 75 million for transactions with Zhuhai Zhaofeng Concrete Co., Ltd. [2][6][25] - The board meeting held on August 14, 2025, resulted in a unanimous approval of the related transactions, with all independent directors agreeing to submit the proposal for board review [3][4][21]. Group 2: Transaction Details - The expected transactions with Guangdong Baoying Construction Technology Co., Ltd. include labor services for construction and decoration projects, with a total expected amount of up to RMB 100 million [7][17]. - The expected transactions with Zhuhai Zhaofeng Concrete Co., Ltd. involve sales of construction materials totaling up to RMB 50 million and procurement of raw materials totaling up to RMB 25 million [18][20]. Group 3: Related Parties Information - Guangdong Baoying Construction Technology Co., Ltd. has total assets of RMB 450.42 million and a net profit of RMB 3.38 million for the year 2024 [10]. - Zhuhai Zhaofeng Concrete Co., Ltd. has total assets of RMB 327.74 million but reported a net loss of RMB 35.01 million for the year 2024 [12]. Group 4: Compliance and Approval - The transactions are within the board's approval authority and do not require shareholder meeting approval [8]. - The independent directors have confirmed that the proposed transactions are normal business activities and do not affect the company's independence [21].