According to the Chinese online announcement, due to business development needs, the company plans to increase the amount of daily related transactions with related parties such as Shenzhen Litong and Shanghai Reading Wen by 30 million yuan. On August 4, the 11th meeting of the sixth board of directors of the company reviewed and approved the adjustment, and there is no need to submit it to the shareholders' meeting for approval. After the adjustment, the estimated amount of sales of products and goods/provision of services to related parties is 79.2 million yuan; the estimated amount of procurement of products, goods/services received from related parties is 5.35 million yuan. Transaction pricing is based on market prices and follows the principle of fairness. This transaction is beneficial to the company's sustainable development and core competitiveness.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.