Core Viewpoint - The announcement by Xingrong Environment regarding the public bidding for the construction segment of the Gaoxin West District Water Quality Purification Center project, which was won by its controlling shareholder Chengdu Environment Group's wholly-owned subsidiary, Environment Construction Company, at a bid price of 663.3049 million yuan [1] Group 1 - The project constitutes a related party transaction and has been exempted from the shareholders' meeting approval by the Shenzhen Stock Exchange, thus not requiring board review and not constituting a major asset reorganization [1] - Environment Construction Company is legally established, operating normally, and possesses the capability to fulfill the contract [1] - The contract duration is tentatively set at 600 days, and the transaction price was determined through competitive bidding, aligning with market levels and having no adverse impact on the company's finances or operations [1] Group 2 - From January 1, 2025, to the date of disclosure, the company has engaged in related party transactions totaling approximately 571 million yuan [1]
兴蓉环境子公司招标,6.63亿关联交易获批