LYPM(SZ:002501) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-23 17:53Core Points - The company, Jilin Liyuan Precision Co., Ltd., held its 12th meeting of the 6th Board of Directors on August 22, 2025, where it approved a financial assistance agreement with its indirect controlling shareholder, Jiangsu Bubugao Real Estate Co., Ltd. [1][2][5] Group 1: Financial Assistance Agreement - Jiangsu Bubugao will provide a loan of 20 million yuan (approximately 2 million) to the company, which is interest-free and has a term of 12 months [6][10] - The loan does not require any collateral from the company [10] - The transaction is classified as a related party transaction due to Jiangsu Bubugao's indirect ownership of 22.54% of the company's shares [6][8] Group 2: Board Approval Process - The proposal for the financial assistance was unanimously approved by the board with 5 votes in favor, 0 against, and 4 abstentions due to conflicts of interest [2][7] - The independent directors also reviewed and approved the proposal, confirming its alignment with legal and regulatory requirements [14] Group 3: Impact and Purpose of the Loan - The loan is intended to support the company's liquidity and stability, reflecting the indirect controlling shareholder's commitment to the company's development [12] - The company asserts that this transaction will not adversely affect its financial condition or independence [12][14]