Overview of Related Transactions
To support the company's development and ensure the funding needs for its operations, the controlling shareholder Jiangsu Liqing and its related parties or other third parties plan to provide the company with interest-free loans totaling no more than RMB 300 million, primarily for replenishing working capital and operational needs. The loan period is from the date of approval by the 2025 annual general meeting until the 2026 annual general meeting. The company may use the funds continuously and cyclically within this effective period and limit, borrowing and repaying as needed. No collateral or guarantees are required for this loan. According to the relevant regulations, Jiangsu Liqing is the controlling shareholder of the company, and this transaction constitutes a related party transaction. The company held its 27th meeting of the sixth board of directors on April 28, 2026, where the proposal regarding the acceptance of interest-free loans from the controlling shareholder and its related parties was approved with 5 votes in favor, 0 against, and 0 abstentions. Related director Ms. Ma Lin abstained from voting. This transaction has been approved by the company's independent directors and the audit committee and will be submitted for shareholder approval, with related parties abstaining from voting. This related transaction does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies" and does not require approval from relevant authorities.
Basic Information of Related Parties
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.