SPEG(SH:600679) Shang Hai Zheng Quan Bao·2025-12-29 21:13Core Viewpoint - Shanghai Phoenix Enterprise (Group) Co., Ltd. has announced changes in its designated media for information disclosure and has approved an increase in the expected amount of daily related transactions for 2025, as well as a plan for related transactions in the first quarter of 2026 [1][21][9]. Group 1: Information Disclosure Changes - The company will change its designated media for information disclosure from "Hong Kong Commercial Daily" to only "China Securities Journal" and "Shanghai Securities Journal" starting January 1, 2026 [1]. - All publicly disclosed information will be based on the content published in the specified media and the Shanghai Stock Exchange website [1]. Group 2: Board Meeting Resolutions - The company's board of directors held its seventh meeting on December 29, 2025, where it approved the increase of the expected amount for daily related transactions for 2025 by CNY 11.3584 million [3][21]. - The board also approved the daily related transaction plan for the first quarter of 2026 [5][9]. Group 3: Related Transactions Details - The total expected amount for daily related transactions for 2025 is now CNY 137.1583 million after the increase [21][24]. - The related transactions primarily involve purchasing goods and leasing properties from related parties [24][23]. Group 4: Related Parties - Key related parties include Jiangsu Meile Bicycle Ring Co., Ltd., Jiangsu Meile Investment Co., Ltd., and Jiangsu Meile Chain Ring Co., Ltd., all of which have significant business operations related to the company's activities [9][26][27]. - The company maintains that these transactions are based on fair market prices and are essential for operational efficiency [30][31]. Group 5: Impact on Company - The expected daily related transactions are deemed necessary for the company's production and operational needs, helping to utilize existing resources effectively and reduce production costs [34][23]. - The company asserts that these transactions will not affect its independence or harm the interests of shareholders [34][19].