Platinum announced that the company plans to sign a “Procurement Framework Contract” with the relevant party Zhengshi Precision Control for an amount of about 151 million yuan. The agreement is valid for 1 year from the date the company's shareholders' meeting procedures are passed. Zhengshi Precision Control is a joint venture holding 12.38% of the company's shares, and Yang Donghui, an executive of the company, is its director. The transaction did not constitute a major asset restructuring. It has been reviewed and approved by the board of directors, a special meeting of independent directors, and the audit committee, and still requires approval by the shareholders' meeting. The transaction follows the principle of marketization or helps the company develop its business, but there are risks such as contract execution.

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