Xinhua dept. store forecasts 2025 related-party transactions

Yinchuan Xinhua Department Store Commercial Group (SSE: 600785) announced its forecast for daily related-party transactions in 2025, totaling RMB 29.763 million. The transactions include sales and procurement of goods, and provision/receipt of services with related entities. Key counterparties include Beijing Wumei and Dmall entities. The transactions are based on market prices and are deemed fair and reasonable, with no dependency on related parties. The forecast was approved by the board on February 12, 2025, and is subject to shareholder approval at the upcoming AGM, where related shareholders will abstain from voting. Xinhua expects these transactions to support its operational needs and digital transformation.