Taiyuan Heavy Industry plans 2025 related-party transactions

Taiyuan Heavy Industry (SSE: 600169) has announced its plans for daily related-party transactions in 2025, estimated at RMB 656.9 million, primarily involving the purchase of raw materials and goods, sales of products, and receipt/provision of labor services with affiliated entities. The plan will be submitted for shareholder approval at the company's first extraordinary general meeting on April 2, 2025. Approvals have already been given by the board and independent directors. Relatedly, the board approved lease agreements also involving entities. Subsidiaries will lease from other related entities. Board committees also approved plans to call the extraordinary shareholders meeting. The company is also ensuring procedures and practices are followed for related party transactions.