Core Viewpoint - The company has announced the recognition of excess related party transactions for the year 2024 and the expected related party transactions for the year 2025, with a total amount not exceeding 30.55 million yuan (excluding tax) for 2025 [1][2]. Summary by Sections 1. Basic Information on Related Party Transactions - The company expects to engage in related party transactions totaling no more than 30.55 million yuan for 2025, which includes sales, purchases, property leasing, and consulting services [1]. - The expected amount for related party transactions in 2024 was 43.30 million yuan, with an actual occurrence of 43.64 million yuan, resulting in an excess of 3.24 million yuan [1][2]. 2. Approval Process - The board of directors approved the recognition of excess related party transactions for 2024 and the expected transactions for 2025 with unanimous votes [2][18]. - The management is authorized to conduct daily transactions within the specified amount, and any excess will require further board or shareholder approval [2][18]. 3. Expected Related Party Transaction Categories and Amounts - The expected categories for 2025 include: - Rental of properties from Shanghai Ligetai: 3.80 million yuan - Rental of properties from Ligetai Equipment: 2.80 million yuan - Rental of properties from Shanghai Yijutai: 1.60 million yuan - Sales of goods to Shanghai Ligetai: 1.00 million yuan - Sales of goods to Tianjin Kangernuo: 0.50 million yuan - Consulting services from Shanghai Yueling: 1.00 million yuan - Total expected transactions amount to 30.55 million yuan [1][3][4]. 4. Previous Year’s Related Party Transactions - The actual occurrence of related party transactions for 2024 was 43.64 million yuan, with significant categories including: - Rental from Shanghai Ligetai: 3.67 million yuan - Rental from Ligetai Equipment: 2.56 million yuan - Purchases from Shanghai Yijutai: 6.43 million yuan - Total actual transactions were 28.77 million yuan [4][5]. 5. Related Party Information - Shanghai Ligetai has a registered capital of 65.50 million yuan and reported total assets of 468.78 million yuan as of December 31, 2024 [6][7]. - Ligetai Equipment has a registered capital of 6.88 million yuan and reported total assets of 47.21 million yuan as of December 31, 2024 [8]. - Shanghai Yijutai has a registered capital of 40 million yuan and reported total assets of 25.98 million yuan as of December 31, 2024 [9]. 6. Impact and Purpose of Related Party Transactions - The related party transactions are necessary for the company's normal production and operations, conducted on fair and voluntary terms, and do not harm the interests of the company or its shareholders [17][18]. - The transactions are expected to support the company's stable development and will not affect its independence [17][18].