Shanghai Phoenix announces Q1 2025 related-party transaction plan

** Shanghai Phoenix Enterprise Group (SSE: 600679) has announced its routine related-party transaction plan for the first quarter of 2025, approved at the tenth session of the Board of Directors on February 12, 2025. The plan anticipates total related-party transactions of RMB 28.2953 million. Key transactions include purchases from Jiangsu Meile Chain & Sprocket Co., Ltd. (RMB 732,230) and Jiangsu Meile Wheel Co., Ltd. (RMB 78,000), as well as sales to Jiangsu Meile Chain & Sprocket Co., Ltd. (RMB 1161.40 million). The transactions are based on fair market prices and are intended to optimize resource allocation and support the company's integrated production and sales system. The board of directors believes these transactions will not harm the interests of the company or its non-related shareholders.