Zheng Quan Zhi Xing·2025-08-21 10:19Core Viewpoint - Xiamen Tungsten Co., Ltd. is entering into a daily related transaction framework agreement with a newly added related party, Fujian Industrial Holding Group Co., Ltd., following a change in its indirect controlling shareholder [1][2][7]. Summary by Sections Daily Related Transactions Overview - The agreement aims to regulate the related transactions between Xiamen Tungsten and Fujian Industrial Holding Group, establishing pricing principles and transaction types for a period of three years [2][5]. Related Party and Relationship Introduction - Fujian Rare Earth Group holds 28.38% of Xiamen Tungsten's shares, making it the direct controlling shareholder. Fujian Industrial Holding Group indirectly controls Xiamen Tungsten through its ownership of Fujian Metallurgy [2][3]. Financial and Operational Capacity - Fujian Industrial Holding Group is a legally established enterprise with a total asset value of 16,077,751.49 million yuan as of June 30, 2025, indicating a stable financial and operational capacity [4]. Main Content and Pricing Policy of the Agreement - The agreement covers various types of transactions, including the supply of raw materials and services. The total transaction amount will be estimated annually and submitted for board or shareholder approval [5][6]. Purpose and Impact of Related Transactions - The transactions are intended to meet the operational needs of the company, enhance resource allocation, and improve production efficiency without adversely affecting the company's financial status or independence [5][6]. Special Review Opinions - Independent directors and the audit committee have reviewed and approved the agreement, confirming that it adheres to fair pricing principles and does not harm the interests of the company or its shareholders [6][7].