HGTECH(SZ:000988) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-16 02:21Core Viewpoint - The company, Huagong Technology, has approved a proposal for joint investment with professional investment institutions, which involves related party transactions [2][4][5]. Group 1: Board Meeting and Decision - The ninth board meeting of Huagong Technology was held on September 15, 2025, via telecommunication, with all nine directors participating [1][2]. - The proposal regarding joint investment with professional investment institutions received five votes in favor, with four directors abstaining due to conflicts of interest [2][3]. Group 2: Investment Details - Huagong Technology's wholly-owned subsidiary, Wuhan Huagong Investment Management Co., Ltd., plans to invest up to 76.5 million RMB in the establishment of the Wuhan Huagong Ruiyuan No. 2 Venture Capital Fund, holding a 21.86% share [6][8]. - The investment is structured as a limited partnership, with Huagong Investment bearing limited liability up to its contribution [6][8]. Group 3: Related Party Transactions - The proposal involves related parties, as directors of Huagong Technology also serve on the board of the investment management company, Huagong Ruiyuan [7][10]. - The company has disclosed that it has engaged in related transactions amounting to 1.8668 million RMB with Huagong Ruiyuan and 50 million RMB with Wuhan Fund and Urban Circle Fund in the past twelve months [21]. Group 4: Independent Director Review - The independent directors of Huagong Technology have reviewed the investment proposal and concluded that it aligns with the company's strategic goals and does not harm the interests of the company or its shareholders [23].