Core Viewpoint - The announcement indicates that the wholly-owned subsidiary of the company, Shanghai Junengwan Enterprise Service Co., Ltd., has signed a service agreement with its controlling shareholder, Shanghai Beihigh Technology (Group) Co., Ltd., to operate the "SAP (China) Innovation Empowerment Center" and will receive a payment of 2.998 million yuan for the construction and operational costs in 2025 [1] Group 1 - The transaction constitutes a related party transaction and does not qualify as a major asset restructuring, thus it does not require submission for shareholder meeting approval [1] - In the past 12 months, the total amount of related party transactions with Beihigh Group has reached 30 million yuan [1]