CMLOG(SH:603967) Shang Hai Zheng Quan Bao·2025-09-22 20:37Core Viewpoint - The company plans to deregister its subsidiary, Qingdao Port Dongjiakou Bulk Logistics Center Co., Ltd., in agreement with its partner, to optimize resource allocation and reduce management costs [2][4]. Group 1: Transaction Overview - Qingdao Port Dongjiakou Bulk Logistics Center Co., Ltd. is a subsidiary in which the company holds a 49% stake, while Qingdao Port International Logistics Co., Ltd. holds 51% [4]. - The decision to deregister the subsidiary was made after discussions with Qingdao Port International Logistics Co., Ltd. due to the subsidiary's operational status [4]. - The deregistration constitutes a related party transaction as the company's senior management personnel, Mr. Gao Bing, serves as a director at the subsidiary [2][4]. Group 2: Approval Process - The board of directors approved the deregistration at the 11th meeting of the 4th board on September 22, 2025, and the independent directors unanimously agreed to submit the matter for board approval [5][12]. - The independent directors' committee reviewed the matter and concluded that the deregistration aligns with the company's development needs and will not harm the interests of the company or its shareholders [11]. Group 3: Financial Impact - The deregistration will not change the scope of the company's consolidated financial statements and is not expected to adversely affect the company's business development or profitability [10]. - From January to August 2025, the total amount of related party transactions with the subsidiary was 912,100 yuan [7].