Tianjin Red Sun Pharmaceutical Co., Ltd.
Announcement on Estimated Annual Related Party Transactions for 2026
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
I. Basic Information on Related Party Transactions
(I) Overview of Related Party Transactions
In accordance with the relevant provisions of the "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange," Tianjin Red Sun Pharmaceutical Co., Ltd. (hereinafter referred to as the "Company"), based on its production and operation plan for 2026, estimates that it will receive engineering services from Chengdu Construction Industrial Equipment Installation Co., Ltd., a subsidiary of its controlling shareholder Chengdu Xingcheng Investment Group Co., Ltd., in 2026. The total estimated amount of related party transactions related to daily production and operation is RMB 100 million, compared to RMB 33.832 million for similar related party transactions in 2025.
On April 17, 2026, the Company held the seventh meeting of the Ninth Board of Directors, which reviewed and approved the "Proposal on Estimating Annual Related Party Transactions for 2026." Related directors Mr. Lin Sen and Ms. Zhang Ying abstained from voting. The proposal has been reviewed and approved by the Company's Audit Committee and the independent directors' special committee. In accordance with the "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange" and the "Articles of Association," this related party transaction does not constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies." This proposal needs to be submitted to the Company's 2025 shareholders' meeting for review, and related shareholders Chengdu Xingcheng Investment Group Co., Ltd. need to abstain from voting.
(II) Categories and Amounts of Estimated Daily Related Party Transactions
Unit: RMB million
| Related Transaction Category | Related Party | Related Transaction Content | Pricing Principle for Related Transactions | Contract Signing Amount or Estimated Amount (Excluding Tax) | Amount Already Incurred as of the Disclosure Date (Excluding Tax) | Amount Incurred in the Previous Year |
|---|---|---|---|---|---|---|
| Engineering services received from related parties | Chengdu Construction Industrial Equipment Installation Co., Ltd. | Engineering services | Market pricing (public bidding) | 10,000.00 | 2,387.66 | 3,383.20 |
II. Introduction to Related Parties and Related Relationships