Yutong Bus forecasts CNY 2.11bn in related-party transactions

Zhengzhou Yutong Bus (SSE:600066) forecasts CNY 2.11 billion in daily related-party transactions for 2025, subject to shareholder approval at the 2024 Annual General Meeting. The transactions, adhering to fair market pricing or negotiated rates, encompass procurement, sales, services, and financing, and will not compromise the company’s independence or create reliance on related parties. These related-party transactions are a recurring aspect of Yutong's business operations and are critical to ensure efficient company operations. In Q1 2025, the company received CNY 163.75 million in government subsidies, to be allocated to project funding, industrial incentives, and talent support. These transactions adhere to the principle of impartiality and fairness, where transaction prices are determined by the prevailing market rate.