BDStar Navigation(SZ:002151) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-26 04:25Core Viewpoint - Beijing Beidou Star Navigation Technology Co., Ltd. (the "Company") approved a new related party transaction with Beidou Zhili Technology Co., Ltd. during its board meeting on November 25, 2025, involving a total transaction amount of 29.15714 million yuan, which accounts for 0.57% of the Company's latest audited net assets [1][8][20]. Summary by Sections Related Party Transactions - The Company’s wholly-owned subsidiary, Beidou Star Navigation (Chongqing) Intelligent Technology Development Co., Ltd. will lease properties to Beidou Zhili for a total of 24.65714 million yuan, including utility fees [1][8]. - The Company’s subsidiary, Jiaxing Jiali Electronics Co., Ltd., is expected to sell antenna products to Beidou Zhili and its subsidiaries for an estimated amount of 1.5 million yuan from November to December 2025 [1][8]. - Another subsidiary, Hexin Star Technology (Beijing) Co., Ltd., is expected to sell chips and modules to Beidou Zhili and its subsidiaries for an estimated amount of 3 million yuan during the same period [1][8]. - The total related party transaction amount is 29.15714 million yuan, which represents 0.57% of the Company’s latest audited net assets [1][2][20]. Approval and Compliance - The board meeting was legally convened with all seven directors present, and the related party transaction was approved unanimously [1][8]. - The independent directors reviewed and approved the proposal, confirming that the transactions are based on fair market principles and do not harm the interests of the Company or its shareholders [3][20]. Financial Impact - As of the announcement date, the total related party transactions with Beidou Zhili and its subsidiaries over the past twelve months amount to 49.87177 million yuan, which is 0.98% of the Company’s audited net assets for the fiscal year 2024 [2][21]. - The transactions are considered routine business activities and are expected to have no adverse impact on the Company's financial condition or operational independence [20].