DONPER GROUP(SH:601956) Zheng Quan Zhi Xing·2025-08-21 16:58Overview - The company, Hubei Dongbei Electromechanical Group Co., Ltd., is engaging in a related party transaction to construct distributed photovoltaic power generation projects to reduce electricity costs and promote green development [1][2][6] Related Party Transaction Summary - The total contract amount for the projects with the related party, Hubei Dongbei New Energy Co., Ltd., is 14,114,655.89 RMB (approximately 2.1 million USD) [1][2] - The projects will be implemented on the rooftops of the company's subsidiaries: Dongbei Compressor Co., Dongbei Electromechanical (Jiangsu) Co., and Dongbei Foundry Co. [1][2] - The related party, Dongbei New Energy, is controlled by the same major shareholder, Huangshi Huizhi Partnership (Limited Partnership), which qualifies this transaction as a related party transaction under the Shanghai Stock Exchange regulations [2][3] Approval Process - The transaction has been approved by the company's independent directors, board of directors, and supervisory board, with related directors abstaining from voting [2][6] - The transaction does not require submission to the shareholders' meeting for approval [2][6] Historical Related Transactions - In the past 12 months, the company has not engaged in other transactions with the same related party, except for routine related transactions and those already disclosed [2][6] - The total amount of related transactions with Dongbei New Energy since the beginning of 2025 is 109,941,300 RMB (approximately 16.5 million USD) [6] Impact on the Company - The photovoltaic projects will meet the company's daily electricity needs, reduce costs, and promote environmentally friendly production practices, aligning with national carbon neutrality goals [6] - The transaction is conducted on fair market principles, ensuring no harm to the company's or shareholders' interests [6]