Everbright Securities Co., Ltd.'s Review of SINO-MACHINES Group Co., Ltd.'s 2025 Projected Related Party Transactions and the Signing of the "Financial Services Cooperation Agreement" with SINO-MACHINES Finance Co., Ltd.
Everbright Securities Co., Ltd. ("Everbright Securities" or "Sponsor"), as the sponsor for SINO-MACHINES Group Co., Ltd. ("SINO-MACHINES" or "the Company")'s offering of shares to specific targets, is fulfilling its continuous supervision responsibilities in accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "Stock Listing Rules of the Shenzhen Stock Exchange," and other relevant regulations. It has prudently reviewed SINO-MACHINES' projected 2025 related party transactions and the signing of the "Financial Services Cooperation Agreement" with SINO-MACHINES Finance Co., Ltd. The details are as follows:
I. Basic Situation of SINO-MACHINES' Related Party Transactions
(I) Overview of Related Party Transactions
SINO-MACHINES' projected 2025 related party transactions include related party transactions between SINO-MACHINES and Sinomach Group and its subsidiaries in 2025, related party transactions between SINO-MACHINES and Bai Ge Company and its subsidiaries in 2025, and related party transactions between SINO-MACHINES and Henan Functional Diamond Research Institute in 2025. The details are as follows:
- Related party transactions for the purchase of goods, receipt of services, sale of goods, and provision of services between SINO-MACHINES and its holding subsidiaries (collectively referred to as "the Company") and China National Machinery Industry Corporation (hereinafter referred to as "Sinomach Group") and its subsidiaries in 2025 are projected to not exceed RMB 480 million in total. The actual total amount incurred in 2024 was RMB 223.733 million.