SDHS(SH:600350) Shang Hai Zheng Quan Bao·2025-08-19 19:19Core Viewpoint - The announcement details a routine related-party transaction by Shandong High-Speed Group, which does not require shareholder approval and is deemed fair and reasonable, not adversely affecting the company's financial status or operational results [2][3][10]. Group 1: Related Party Transaction Overview - The transaction involves outsourcing service operations for toll collection at existing and newly adjusted operational centers within Shandong Province, with a service period of one year and an estimated contract value of 104.2173 million RMB [4][9]. - The board of directors approved the transaction with unanimous consent from independent directors, ensuring no conflicts of interest as related directors abstained from voting [2][3]. Group 2: Related Party Information - The related party, Shandong High-Speed Property Service Development Group Co., Ltd., was established on December 25, 2020, with a registered capital of 500 million RMB and is controlled by Shandong High-Speed Group [5][7]. - As of June 30, 2025, the related party reported total assets of 330.3276 million RMB, total liabilities of 203.0936 million RMB, and a net profit of 0.3555 million RMB, indicating a debt ratio of 61.48% [6]. Group 3: Impact of the Transaction - The transaction is considered a normal business operation that adheres to fair pricing principles and market standards, ensuring it does not significantly impact the company's main business or independence [10][11]. - The company does not foresee any dependency on the related party as a result of this transaction, maintaining a balanced and mutually beneficial relationship [10][11].