Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-07 06:21Core Viewpoint - The company held its 25th meeting of the 7th Board of Directors on December 5, 2025, where several proposals regarding expected related party transactions for 2026 were approved, which will be submitted for shareholder approval [1][2][3]. Summary by Sections Related Party Transactions - The company anticipates related party transactions for 2026, including: - Up to RMB 600 million for ship repairs with China Merchants Industry Holdings [2][3]. - Up to RMB 6 billion for oil transportation with Sinopec Group [3]. - Up to RMB 2 billion for material supply and equipment agency with China Merchants Haitong Trading [3]. - Up to RMB 400 million for crew management with Guangzhou Haishun Maritime Service [3]. - Up to RMB 200 million for freight and rental services with China Foreign Trade and Transportation Group [3]. - Up to RMB 1.8 billion for various services with other related parties [5][3]. Financial Transactions with China Merchants Bank - The company plans to engage in deposit and loan transactions with China Merchants Bank from January 1 to December 31, 2026, with a maximum deposit balance of RMB 5 billion and a maximum credit balance of RMB 7 billion [9][63]. Board and Independent Director Approval - The proposals were approved with unanimous votes from the board members present, with related directors abstaining from voting on their respective proposals [6][10][38]. - Independent directors held a special meeting prior to the board meeting to review and agree on the expected related party transactions [7][38]. Shareholder Meeting - The proposals will be presented at the upcoming shareholder meeting scheduled for December 29, 2025, where related shareholders will abstain from voting on relevant proposals [18][49].