Stock Code: 000805
Stock Abbreviation: *ST Yanhua
Announcement Number: 2012-072
Jiangsu Yanhua Online Logistics Co., Ltd. Expected Announcement on Daily Related Transactions from November to December 2012
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Basic Information on Daily Related Transactions
(1) Overview of Related Transactions
- Based on market prices and adhering to the principles of "openness, fairness, and justice," on November 29, 2012, the company signed a "Liquefied Natural Gas Sales Contract" with Liaoning Gaisi Energy Technology Co., Ltd. (hereinafter referred to as "Gaisi Energy").
- On November 30, 2012, the company's eighth board of directors approved this related transaction by communication, with 7 votes in favor, 0 votes against, and 0 abstentions. There are no related directors on the board. This daily related transaction does not involve major asset restructuring and is within the board's approval authority, thus does not require submission to the shareholders' meeting for review.
(2) Expected Categories and Amounts of Related Transactions
The company expects to sell natural gas to Gaisi Energy for a transaction amount of 15 million yuan from November to December 2012.
(3) Cumulative Amount of Related Transactions
The cumulative amount of various related transactions with the aforementioned related party from the beginning of the year to the disclosure date is 0 yuan.