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 Daily Related Transactions
On April 28, 2020, the company held the 25th meeting of the 7th board of directors and the 9th meeting of the 7th supervisory board, where the proposal on the estimated amount of daily related transactions for 2020 was approved. The company’s subsidiary is expected to engage in related transactions with Linfen Wanxinda Coking Co., Ltd. totaling no more than 362.6437 million yuan in 2020. Independent directors have expressed prior approval and independent opinions on this related transaction. According to the relevant provisions of the Shenzhen Stock Exchange Listing Rules, the Shenzhen Stock Exchange SME Board Normative Operation Guidelines, and the company’s articles of association, this related transaction will be submitted for shareholder meeting review.
(2) Estimated Categories and Amounts of Daily Related Transactions for 2020
| Related Transaction Content | Related Party | Pricing Principle | Cumulative Transaction Amount Limit for 2020 (10,000 yuan) | Amount Transacted as of Disclosure Date (10,000 yuan) | Amount Transacted Last Year (10,000 yuan) |
|---|---|---|---|---|---|
| Sale of products to related parties | Linfen Wanxinda Coking Co., Ltd. | Market pricing | 35,000.00 | 14,562.57 | 14,007.08 |
| Provision of leasing services to related parties | Linfen Wanxinda Coking Co., Ltd. | Contract pricing | 1,264.37 | 421.46 | 0.00 |