Core Viewpoint - Ongoing internal conflicts within Reliable Co., Ltd. (301009) have not been resolved, highlighted by recent board meetings where board member Bao Jia voted against proposed related party transactions, leading to a public dispute with the current chairman and general manager, Jin Liwei [1][12]. Group 1: Related Party Transactions - The board approved a related party transaction with Qiaozhi Company, allowing its subsidiary, Hangzhou Kexin Meideng Material Technology Co., Ltd., to lease property from Qiaozhi for an estimated amount not exceeding 1.68 million yuan for 2026 [3]. - Bao Jia opposed this transaction, arguing that it contradicts Jin Liwei's prior commitment to avoid related party transactions unless unavoidable, and criticized the lack of transparency regarding the fair pricing process [3][4]. - Reliable Co. defended the necessity of the lease, stating that Kexin Meideng's limited scale necessitates renting rather than purchasing property, and emphasized the importance of maintaining operational stability [4][5]. Group 2: Procurement from Hanggang Company - The board also approved a related party transaction with Guangxi Hanggang Material Technology Co., Ltd. for raw material procurement, with an estimated amount not exceeding 60 million yuan for 2026 [6]. - Bao Jia raised concerns about the declining procurement amounts, noting discrepancies between the company's stated strategic importance of Hanggang and the actual procurement figures, which decreased from 146.69 million yuan in 2024 to 60 million yuan in 2026 [7][8]. - Reliable Co. responded by stating that the procurement volume is a result of balancing capacity and supplier structure, and emphasized that Hanggang meets the basic due diligence requirements for qualified suppliers [10]. Group 3: Governance and Compliance Issues - Bao Jia has consistently voted against various proposals, including financial reports and related party transactions, raising questions about governance and transparency within the company [12][13]. - The company received a warning letter from the Zhejiang Securities Regulatory Bureau in 2025 due to previous related party transactions, which has led to internal discussions about accountability and compliance with new governance standards [11]. - Reliable Co. asserted that it has completed necessary rectifications and will enhance training for directors to ensure compliance with governance requirements in the future [11].
可靠股份“内斗”持续！董事长前妻连投反对票