LSGC(SH:600738) Shang Hai Zheng Quan Bao·2026-01-04 21:20Core Viewpoint - The announcement details the progress of performance compensation commitments related to the company's equity investment in a subsidiary, highlighting the financial adjustments and agreements made to mitigate risks associated with the investment [1][8]. Group 1: Performance Compensation Commitment Overview - On September 29, 2022, the company approved a cash capital increase of RMB 10.2 million to its subsidiary, which raised the registered capital of Hangzhou Lishang Meichain Network Technology Co., Ltd. from RMB 5 million to RMB 25 million [2]. - The performance targets set for Lishang Meichain for 2023 included an audited revenue of RMB 880 million and a net profit of RMB 17 million, with penalties for not meeting these targets [3]. Group 2: Financial Adjustments and Risk Exposure - As of early 2025, the company had provided a total of RMB 29 million in guarantees for Lishang Meichain, with a total risk exposure amounting to RMB 54 million, of which RMB 10 million had been released [4]. - A resolution was passed to reduce the risk exposure by RMB 20 million by December 31, 2025, and further reductions in subsequent years [5][6]. Group 3: Progress on Performance Compensation - By December 31, 2025, the controlling shareholder had reduced the risk exposure by RMB 20 million through early repayment of bank loans, leading to a waiver of RMB 6,108,006.48 in compensation and associated interest [8].