TORCH ELECTRON(SH:603678) Zheng Quan Zhi Xing·2025-08-22 09:22Core Viewpoint - The company plans to lease a factory from an associated party for three years at an annual rent of 1.24 million yuan, which is part of a resource integration strategy [1][4]. Summary by Sections 1. Overview of Related Transactions - The company’s wholly-owned subsidiary, Nan'an Zihua Metal Surface Treatment Co., Ltd., will lease a factory located in the Nan'an Huayuan Electroplating Industrial Park from Quanzhou Huayuan Industrial Park Development Co., Ltd. for three years [1][2]. - The total area of the leased factory is 1,293 square meters, with an annual rent of 1.24 million yuan, payable quarterly [1][4]. 2. Related Party Introduction - Mr. Cai Mingtong, who holds 35.01% of the company's shares, is the controlling shareholder and actual controller, and is the father of the current chairman and general manager [2][3]. - Mr. Cai Mingtong is also involved in other companies, including serving as the executive director and general manager of Quanzhou Yongyuan Logistics Development Co., Ltd. [2]. 3. Basic Situation of Related Transaction Targets - The leased factory is owned by Mr. Cai Mingtong and has clear property rights without any encumbrances or legal disputes [3][4]. 4. Pricing and Basis of Related Transactions - The rental price is based on local market rates and was negotiated on a voluntary and equal basis, ensuring fairness and reasonableness [4][5]. 5. Main Content and Performance Arrangements of Related Transactions - The contract stipulates that the rental period is three years, with a total area of 1,293 square meters and an annual rent of 1.24 million yuan, with other utility costs borne by the tenant [4][5]. 6. Impact of Related Transactions on the Company - The lease is part of the company's resource integration strategy, ensuring business continuity and stability, and does not significantly depend on the related party [4][5]. 7. Review Procedures for Related Transactions - The board of directors approved the transaction with a unanimous vote, and independent directors confirmed that the transaction aligns with the company's development strategy and does not harm shareholder interests [5]. 8. Historical Related Transaction Situation - In the past 12 months, the company has engaged in related transactions with Mr. Cai Mingtong totaling 930,000 yuan, all for factory rental fees [5].