Hymson(SH:688559) Zheng Quan Zhi Xing·2025-08-27 12:12Core Viewpoint - The company plans to provide financial assistance of up to RMB 80 million to its subsidiary, Xingneng Maoye, to support its business development needs, with a repayment period of 36 months [1][7]. Summary by Sections Financial Assistance Overview - The financial assistance will be provided to Xingneng Maoye, a subsidiary of the company, to support its development without affecting the company's normal operations [1][7]. - The interest rate for the financial assistance will be based on the one-year Loan Prime Rate (LPR) and the company's actual bank borrowing rate [1][4]. Related Transactions - This transaction constitutes a related party transaction as it involves providing financial assistance exceeding the equity proportion held by the related parties [2][3]. - The transaction does not meet the criteria for a major asset restructuring as defined by relevant regulations [2][3]. Company and Subsidiary Relationship - The company holds a 64.2% stake in Xingneng Maoye, making it the controlling shareholder [2][4]. - Key executives of the company, including the chairman and vice president, hold shares in Xingneng Maoye, but they did not proportionally contribute to the financial assistance [2][3]. Financial Status of Xingneng Maoye - As of the latest financial data, Xingneng Maoye reported total assets of RMB 1,476.62 million and total liabilities of RMB 564.90 million [5]. - The company incurred a net loss of RMB 1,097.09 million for the fiscal year 2024 [5]. Approval Process - The financial assistance proposal was approved by the independent directors, the board of directors, and the supervisory board, with related directors abstaining from voting [8][9]. - The independent directors confirmed that the financial assistance aligns with the company's strategic goals and will not adversely affect its operations [8][9].