YAPP(SH:603013) Shang Hai Zheng Quan Bao·2026-01-19 19:38Core Viewpoint - The company, Yapu Automotive Parts Co., Ltd., has agreed to waive its right of first refusal regarding the transfer of shares in its subsidiary, Shanghai Yingshuang Electric Motor Technology Co., Ltd., to an associated party, Shanghai Chuanghe Venture Capital Partnership, without affecting its ownership percentage [2][3][10]. Group 1: Transaction Overview - The transaction involves the transfer of approximately 2.83% of the total shares of Yingshuang Technology, with a total transfer price of RMB 30,000,190.01 [2][3]. - The company holds about 54.5% of Yingshuang Technology and has consented to the share transfer while waiving its right of first refusal, which constitutes an associated transaction but does not qualify as a major asset restructuring [2][3][10]. - The transaction has been approved by the company's board of directors and does not require shareholder approval [2][3][14]. Group 2: Related Party Information - Shanghai Chuanghe is identified as an associated party due to its management being linked to the company through a board member [4][5]. - The associated party has a registered capital of RMB 52.5 million and was established on October 13, 2023, focusing on venture capital investments [5]. Group 3: Financial and Structural Impact - The share transfer does not alter the company's ownership structure in Yingshuang Technology, maintaining the company's control [10][13]. - The transaction is expected to enhance Yingshuang Technology's business development and governance structure without adversely affecting the company's financial status or operational capabilities [10][13]. Group 4: Approval Process - The independent directors of the company have reviewed and approved the transaction, affirming that it does not harm the interests of the company or its minority shareholders [14][16]. - The board meeting that approved the transaction had a majority vote, with no objections from non-associated directors [16].