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According to the Xinjiang Communications Construction announcement, the company held a meeting on July 27, 2026 to review and pass a bill to increase the forecast for daily related transactions in 2026. Previously, the company expected that daily related transactions with 61 related parties would not exceed 4.701 billion yuan in 2026. This time, it plans to increase the acceptance of daily labor-related transactions with related party Trading Technology, which will not exceed 37 million yuan. The transaction follows fair market pricing, does not constitute a major asset restructuring, does not require submission to a shareholders' meeting for review, does not affect the company's independence, and does not harm shareholders' interests.
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According to the Xinjiang Communications Construction announcement, the company held a meeting on July 27, 2026 to review and pass a bill to increase the forecast for daily related transactions in 2026. Previously, the company expected that daily related transactions with 61 related parties would not exceed 4.701 billion yuan in 2026. This time, it plans to increase the acceptance of daily labor-related transactions with related party Trading Technology, which will not exceed 37 million yuan. The transaction follows fair market pricing, does not constitute a major asset restructuring, does not require submission to a shareholders' meeting for review, does not affect the company's independence, and does not harm shareholders' interests.
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