Zheng Quan Zhi Xing·2025-08-29 10:24Core Viewpoint - The company, Jiangsu Tiannai Technology Co., Ltd., is increasing its expected daily related party transaction limits for 2025, with a total amount not exceeding 40 million RMB, primarily involving its affiliated company, Zhenjiang Xinna Environmental Materials Co., Ltd. [1] Group 1: Daily Related Party Transactions - The company held multiple board meetings to approve the increase in expected daily related party transaction limits for 2025, with the total amount for transactions with Zhenjiang Xinna not exceeding 40 million RMB [1] - In a subsequent meeting, the company approved additional related party transactions with Changzhou Silicon Source New Energy Materials Co., Ltd., with a total expected amount not exceeding 5 million RMB, primarily for leasing factory space and equipment [2] - The company has also approved an increase in expected daily related party transactions with Changzhou Silicon Source, adding 5 million RMB for processing services, reflecting a 100% increase from previous estimates [5] Group 2: Approval Procedures - The approval process for increasing the expected transaction limits involved multiple meetings, including independent director meetings, ensuring compliance with relevant regulations [3][4] - The independent directors unanimously agreed that the increase in expected transaction limits aligns with the company's operational needs and adheres to fair pricing principles [3][4] - The company confirmed that the increased transaction limits do not require shareholder meeting approval, streamlining the process [5] Group 3: Financial and Operational Impact - The expected related party transactions are deemed necessary for the company's business development and are structured to avoid significant dependency on related parties [7] - The company will sign specific agreements within the approved limits, ensuring that all transactions are conducted according to market pricing and contractual obligations [6][7] - The company’s independent directors and the sponsor have expressed no objections to the increase in expected transaction limits, affirming that all necessary procedures have been followed [7]