Core Viewpoint - Qianjiang Water Development Co., Ltd. plans to purchase the 16th floor of the China Electric Power Construction Group's Greater Bay Area Science and Technology Innovation Center in Guangzhou for a total price of RMB 33,860,000, which is based on a unit price of RMB 15,552 per square meter [1][2][6]. Summary by Sections 1. Overview of Related Transactions - The transaction involves the purchase of 2,177.2357 square meters of office space in the Greater Bay Area Science and Technology Innovation Center, which is part of a strategy to expand business in Guangdong Province [2][6]. - The transaction does not constitute a major asset restructuring as defined by regulations, and the amount is within the board's authority, thus not requiring shareholder approval [1][2]. 2. Transaction Details - The purchase price is set at RMB 33,860,000, including tax, with a VAT rate of 9% [1][2]. - The seller, China Electric Power Construction Group (Guangzhou) Urban Investment Development Co., Ltd., is an affiliate of the company, and there have been no non-routine related transactions in the past 12 months [1][5]. 3. Financial and Operational Impact - The acquisition is expected to meet the company's future office needs in Guangzhou and is aligned with its operational development strategy [6][16]. - The transaction price is based on market evaluations and comparable office building prices, ensuring it does not adversely affect the company's independence or the interests of minority shareholders [6][16]. 4. Approval Process - The independent directors unanimously agreed that the transaction aligns with the company's operational needs and does not harm the interests of shareholders, particularly minority shareholders [5][17]. - The board meeting held on August 27, 2025, approved the transaction with a unanimous vote of 7 in favor and no opposition [5][17].