CECL(SH:600675) Zheng Quan Zhi Xing·2025-08-15 16:14Core Viewpoint - The announcement details a related party transaction where the company is entrusted by Shanghai Xinfeng'an Enterprise Development Co., Ltd. to manage the construction of a project in Xuhui District, Shanghai, which is expected to enhance the company's project management capabilities and increase revenue and profit sources [1][5]. Summary by Sections Related Party Transaction Overview - The company has been commissioned by Xinfeng'an to manage the construction of the Xuhui District project, which is located within specific geographical boundaries [1]. - This transaction is classified as a related party transaction but does not constitute a major asset restructuring [1]. Related Party Information - Xinfeng'an is a limited liability company based in Xuhui District, Shanghai, with a registered capital of 1 billion RMB and a business scope that includes enterprise management and real estate development [2]. - The relationship is established as Xinfeng'an is an affiliated legal entity of the company, thus qualifying the transaction as a related party transaction [2]. Pricing of Related Party Transaction - The transaction pricing will be determined based on fair and reasonable principles, utilizing a cost-plus method agreed upon by both parties [3]. Main Content of the Related Party Transaction - The project involves various management tasks including project approvals, design, cost management, quality checks, and financial management [4]. - The total management fee for the project is set at 2% of the sales amount, with 1.5% as a basic management fee and 0.5% as a performance management fee [4]. Other Key Contract Terms - In case of disputes, either party may apply for arbitration with the Shanghai Arbitration Commission [5]. Impact of the Related Party Transaction - The transaction is expected to refine the company's development management capabilities, strengthen project management advantages, and enhance revenue and profit sources, while ensuring that it does not create significant dependency on the related party [5].