000589SZSE

Announcement on Estimated Daily Related Transactions for 2026

Guizhou Tyre Co., Ltd.··10 pages

✨ AI Summary

This announcement outlines the expected daily related transactions for Guizhou Tire Co., Ltd. in 2026, totaling approximately 242.69 million yuan. Key transactions include procurement and sales with related parties such as Guizhou Qianjin Rubber and Logistics. The board approved these transactions, which do not require shareholder approval, ensuring compliance with relevant regulations.

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AI Translation· azure_openai

Guizhou Tire Co., Ltd. Announcement on Estimated Daily Related Transactions for 2026

The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

I. Basic Situation of Daily Related Transactions

(1) Overview of Daily Related Transactions

Due to the needs of the company's and its subsidiaries' daily production and operations, it is estimated that in 2026, the following related transactions will occur with relevant related parties:

  1. With the controlling shareholder, Guiyang Industrial Investment Co., Ltd. (hereinafter referred to as "Guiyang Investment"), and its subsidiaries, including Guiyang Xianfeng Logistics Co., Ltd. (hereinafter referred to as "Xianfeng Logistics") and Guizhou Zhanyan Power Heavy Industry Co., Ltd. (hereinafter referred to as "Zhanyan Power"), as well as Guizhou Qianjin Rubber and Plastic Technology Co., Ltd. (hereinafter referred to as "Qianjin Rubber"), which is no longer indirectly controlled by Guiyang Investment as of December 12, 2025, but is still considered a related party within 12 months according to the Shenzhen Stock Exchange Listing Rules 6.3.3. The transactions include the procurement of inner tubes, sales of mixed rubber, tires, and waste materials, and acceptance of freight and logistics services, with an estimated total amount of 172 million yuan. The total amount of similar related transactions in 2025 was 122.84 million yuan.
  2. With another related party, Qiancheng State-owned Assets Management Co., Ltd. (hereinafter referred to as "Qiancheng State Assets"), which is the indirect controlling shareholder of the company, and Guizhou Steel Wire Co., Ltd. (hereinafter referred to as "Guisheng Co."), the estimated procurement amount for steel wire and other materials is 60 million yuan. The amount in 2025 was 56.94 million yuan.
  3. With another related party, Guiyang Bank Co., Ltd. (hereinafter referred to as "Guiyang Bank"), the estimated interest and fees from deposits and issuing acceptance bills are 7 million yuan. The amount in 2025 was 8.35 million yuan.

In addition to the above estimated daily related transactions, a related transaction with Guizhou Yongqing Intelligent Control Technology Co., Ltd. (hereinafter referred to as "Yongqing Intelligent Control"), a subsidiary of Guizhou Provincial Industrial Development Co., Ltd. (the company's indirect controlling shareholder), will occur in 2026 with a bid amount of 3.6893 million yuan for project equipment procurement.

As of the date of this announcement, the total estimated related transactions with Qianjin Rubber, Xianfeng Logistics, Zhanyan Power, and other related parties, including Yongqing Intelligent Control, Guiyang Bank, and Guisheng Co., are 242.6893 million yuan, accounting for 2.76% of the company's most recent audited net assets as of 2024.

On February 27, 2026, the company held the seventh meeting of the ninth board of directors, which approved the "Proposal on Estimated Daily Related Transactions for 2026" with 8 votes in favor, 0 votes against, and 0 abstentions (Mr. Chen Fei, a related director nominated by the controlling shareholder, abstained from voting). According to the relevant provisions of the Shenzhen Stock Exchange Listing Rules and the company's articles of association, the above related transactions do not require submission to the company's shareholders' meeting for review.

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