SXBN(SH:600831) Shang Hai Zheng Quan Bao·2025-12-02 18:18Core Viewpoint - The company has signed a debt offset agreement with its controlling shareholder, Shaanxi Broadcasting Media Group Co., Ltd., and related parties to manage debt relationships effectively, which is expected to positively impact the company's financial performance [2][12]. Summary by Sections 1. Overview of Related Transactions - The company has entered into a debt offset agreement to resolve debt relationships with Shaanxi Broadcasting Media Group and Shaanxi Construction Group, involving an offset of receivables amounting to 27.58 million yuan [2][4]. - The agreement allows the company to offset 27.58 million yuan of receivables from Shaanxi Construction Group against debts owed by the controlling shareholder, thereby facilitating quicker collection of accounts receivable [4][12]. 2. Details of the Related Parties - Shaanxi Broadcasting Media Group is the controlling shareholder of the company, with a registered capital of 1.256 billion yuan and various business operations including broadcasting and real estate [6]. - Shaanxi Broadcasting Real Estate Co., Ltd. is a wholly-owned subsidiary of Shaanxi Broadcasting Media Group, with a registered capital of 25 million yuan, focusing on real estate development and management [7]. 3. Financial Implications - The debt offset does not involve debt forgiveness and is expected to have a positive impact on the company's current financial results, enhancing the recovery of accounts receivable [12]. - The company has borrowed a total of 235 million yuan from the controlling shareholder over the past two years, with a remaining balance of 170 million yuan at the time of the agreement [10]. 4. Approval Process - The agreement was approved by the company's board of directors, with independent directors reviewing the transaction to ensure compliance with regulations and to protect the interests of minority shareholders [13][15]. - The transaction does not require shareholder approval as it falls within the board's authority [5][15]. 5. Previous Related Transactions - In the past 12 months, aside from routine related transactions, the company has not engaged in similar cumulative related transactions with the same related parties [3][16].