Core Viewpoint - The announcement details the confirmation of daily related transactions for the year 2024 and the expected transactions for 2025, which require approval from the shareholders' meeting. The transactions are conducted fairly and transparently, ensuring no harm to the company's independence or minority shareholders' interests [1][2][15]. Summary by Sections Daily Related Transactions Overview - The company has confirmed the actual daily related transactions for 2024 and estimated transactions for 2025, which will be submitted for shareholder approval [1]. - The transactions are based on actual operational needs and adhere to principles of fairness, justice, and voluntary participation, ensuring compliance with relevant laws and regulations [2]. Transaction Details - The estimated and actual amounts for daily related transactions in 2024 are as follows: - Sales of products and services to related parties amounted to 150,000,000 CNY, with actual occurrences of 107,971,800 CNY, attributed to changes in sales activities [2][4]. - Other related transactions included 10,000,000 CNY estimated, with actual occurrences of 522,260 CNY, also due to sales activity changes [2][4]. - The total estimated amount for daily related transactions in 2025 is projected at 1,271,000,000 CNY, with various categories outlined [3][4]. Related Parties and Relationships - The main related party involved is China Railway Construction Corporation, which holds a controlling stake in the company [5][6]. - The company maintains a long-term cooperative relationship with its related parties, ensuring that transactions do not adversely affect its financial status or independence [14][15]. Pricing and Fairness of Transactions - The pricing for related transactions is determined based on market principles, ensuring fairness and transparency, with no detrimental impact on the company or its shareholders [10][12][14]. - The company has established agreements that govern the terms of transactions with related parties, ensuring compliance with legal and regulatory standards [11][12]. Conclusion and Endorsement - The sponsor institution has reviewed the daily related transactions and found them compliant with legal and regulatory requirements, affirming that they are necessary for the company's operations and do not harm the interests of non-related shareholders [15].