ZHENGBANG TECHNOLOGY(SZ:002157) Shang Hai Zheng Quan Bao·2025-12-09 19:48Group 1 - The company estimates that in 2026, it will engage in daily related transactions with its controlling shareholder, Jiangxi Shuangbao Agricultural Co., Ltd., and its subsidiaries, with total procurement not exceeding 94.7 billion RMB, sales not exceeding 88.8 billion RMB, labor services not exceeding 7.3 billion RMB, and leasing services of 6.4 billion RMB [1][2] - The company held a board meeting on December 9, 2025, to approve the estimated daily related transactions for 2026, which will be submitted for shareholder approval [2][17] - The company has adjusted its transaction subjects to simplify accounting complexity, resulting in a new estimated daily related transaction amount of 9.53 billion RMB for 2025 [3] Group 2 - The company will engage in various transactions with related parties, including the purchase and sale of feed, raw materials, pigs, veterinary products, construction services, transportation services, and leasing [4][6] - The company plans to sign framework agreements with related parties, which will be effective for three years upon signing [5] - The company aims to maintain its core breeding stock and reduce production costs by procuring quality breeding pigs from related parties at market prices [6][7] Group 3 - The company is currently in a recovery phase for its feed production and will rely on related parties to provide cost-competitive feed procurement and processing services [8] - The company will utilize the raw material procurement advantages of related parties to ensure stable feed production and reduce costs [9] - The company will leverage the strengths of related parties in veterinary products to enhance sales channels and income in the veterinary field [10] Group 4 - The logistics services provided by related parties will ensure timely and cost-effective transportation of goods, enhancing supply chain efficiency [11] - The company plans to sell idle fixed assets to related parties to improve asset utilization and operational efficiency [12] - The company will receive construction services and equipment purchases from related parties to support its production efficiency during the recovery phase [13][15] Group 5 - The independent directors have approved the estimated related transactions for 2026, affirming that these transactions are normal commercial activities and do not harm the interests of minority shareholders [17] - The company will provide guarantees for its subsidiaries, with a total guarantee amount not exceeding 3 billion RMB, to support their operations and financing needs [21][22] - The company has a controlled risk profile for its guarantees, as all guaranteed entities are subsidiaries with good operational conditions [26][27]