DHPI(SH:603856) Zheng Quan Zhi Xing·2025-08-27 16:41Core Viewpoint - The company, Shandong Donghong Pipe Industry Co., Ltd., is increasing its expected daily related transactions for the year 2025, which has been reviewed and approved by the board and supervisory committee, ensuring compliance with relevant regulations and maintaining the interests of all shareholders [1][5]. Summary by Sections Daily Related Transactions Overview - The company has conducted a careful review of the expected daily related transactions for 2025, which were approved in the fourth supervisory committee meeting and the annual shareholders' meeting [1][2]. - The expected increase in related transactions does not exceed 5% of the company's latest audited net assets, thus not requiring further shareholder approval [2]. Details of Increased Expected Amounts and Categories - The total expected amount for daily related transactions has increased from 1,100 million to 6,000 million CNY, with specific increases in categories such as labor services and product sales [3][4]. - The breakdown includes an increase from 600 million to 1,500 million CNY for Qufu Meitu Construction Engineering Co., Ltd. and from 500 million to 4,500 million CNY for Tianjin Pipeline Engineering Group Co., Ltd. [3]. Related Parties and Relationships - Qufu Meitu Construction Engineering Co., Ltd. is a subsidiary controlled by the company's major shareholder, Donghong Group, with a registered capital of 10 million CNY [4]. - Tianjin Pipeline Engineering Group Co., Ltd. has a registered capital of 6,322.59 million CNY, with the company holding a 7.296% stake, which will be transferred to Tianjin Water Group Co., Ltd. in May 2025 [4]. Transaction Execution and Pricing Policy - The transactions with related parties are based on fair and reasonable principles, adhering to national pricing where applicable, or market prices otherwise [5]. - The company has a good track record of executing similar related transactions, indicating sufficient performance capability [5]. Purpose and Impact of Related Transactions - The increase in expected daily related transactions is aligned with the company's normal operational needs and will not adversely affect its financial status or operational results [5]. - The company maintains that these transactions will not create dependency on related parties and will not harm the interests of the company or its shareholders [5]. Sponsor Institution's Review Opinion - The sponsor institution has concluded that the expected increase in related transactions is based on actual operational needs and does not harm the interests of the company or minority shareholders [5]. - The review process followed by the board and supervisory committee complies with legal and regulatory requirements, ensuring the validity of the resolutions [5].