新兴铸管：拟1.75亿元参设供应链公司，持股35%

Group 1 - The company plans to jointly invest in the establishment of a new supply chain company with its controlling shareholder, Xinxing Jihua Group, and its subsidiary, Jihua Co., with a registered capital of 500 million yuan [1] - Xinxing Casting will contribute 175 million yuan, holding a 35% stake, while the group will invest 200 million yuan for a 40% stake, and Jihua Co. will invest 125 million yuan for a 25% stake [1] - This related party transaction does not constitute a major asset reorganization and does not require shareholder approval [1] Group 2 - The purpose of this investment is to enhance procurement and supply chain management efficiency, aiming to reduce costs and improve effectiveness [1] - From January 1, 2026, to the date of the announcement, the company has engaged in related party transactions totaling 117 million yuan with the group and 648,500 yuan with Jihua Co. [1]