Xinhua Media(SH:600825) Shang Hai Zheng Quan Bao·2025-10-31 06:21Core Viewpoint - The company, Shanghai Xinhua Media Co., Ltd., has announced the purchase of 24 office units from its related party, Shanghai Shangbao Chuan Yue Real Estate Development Co., Ltd., for a total price of RMB 100,970,000, which is aimed at meeting its operational needs and enhancing its corporate image [21][48]. Financial Data - The financial reports for the third quarter of 2025 have not been audited [3][7]. - The company has confirmed that the financial information in the quarterly report is true, accurate, and complete [2]. Shareholder Information - The company has disclosed the total number of shareholders and the shareholding status of the top ten shareholders [5]. Related Party Transaction - The transaction involves purchasing office space totaling 5,453.92 square meters, with a unit price of approximately RMB 18,513 per square meter [21][22]. - The transaction has been approved by the company's board of directors and does not constitute a major asset restructuring [21][25]. - The purchase is necessary due to high rental costs and a lack of adequate office resources, which do not meet the company's operational needs [48]. Approval Process - The transaction was reviewed and approved by the independent directors and the board of directors, with all related directors abstaining from the vote [11][55]. Impact on Company - The purchase will not significantly impact the company's cash flow or financial status, as it will be funded by the company's own resources [48]. - The company does not anticipate any new related party transactions arising from this purchase [51].