JIANYI GROUP(SZ:002789) Zheng Quan Zhi Xing·2025-09-02 16:26Core Viewpoint - The company is extending the commitment period to avoid industry competition for an additional two years due to challenges in the construction market and the need to protect shareholder interests [4][5][7]. Group 1: Background and Commitment - The company acquired 80% of Guangdong Jianxing Construction Group Co., Ltd., which constitutes a major asset restructuring [1]. - The controlling shareholder, Zhuhai Zhengfang Group Co., Ltd., made a commitment to avoid competition with the company for three years, which is now being extended [2][3]. Group 2: Industry Competition and Efforts - The main business of Jianxing Construction involves construction engineering, which overlaps with the operations of the controlling shareholder's other companies, leading to potential competition [2]. - The controlling shareholder has been actively working to resolve competition issues by delineating business scopes among its subsidiaries [3]. Group 3: Reasons for Commitment Extension - The construction market is facing significant challenges due to a downturn in the real estate sector and reduced government investment in infrastructure, leading to an oversupply in the market [4]. - The complexity of managing employee transitions and the need for shareholder agreement on any potential sales of competing entities have complicated the resolution of competition issues [4][5]. Group 4: Compliance and Future Plans - The extension of the commitment is compliant with regulatory requirements, allowing for changes in commitments due to uncontrollable external factors [5][7]. - The company plans to resolve competition issues by September 7, 2027, through various strategies including management delegation, asset restructuring, and seeking potential buyers for competing entities [5][6]. Group 5: Impact and Approval Process - The extension of the commitment is not expected to adversely affect the company's normal operations or the interests of shareholders, particularly minority shareholders [6][7]. - The independent board and supervisory board have reviewed and approved the extension, with the matter pending approval from the shareholders' meeting [7][8].