Seazen Holdings approves related party transactions for 2026-2027

Seazen Holdings Group Co., Ltd. announced the approval of estimated annual caps for continuing connected transactions for the years 2026-2027. The company's Fourth Board of Directors' Thirteenth Meeting, held on December 15, 2025, approved a projected 40 million yuan for each year, covering property leasing and related services for office buildings, shopping malls, and commercial management with Shanghai Mitaji Culture Development Co., Ltd. and its subsidiaries. This decision, also approved by independent directors, is considered normal business practice and essential for the company's operations.

The transactions involve leasing properties and providing commercial management services to Shanghai Mitaji Culture Development Co., Ltd., a connected party where Seazen Holdings' related natural persons serve as directors and managers. These transactions are priced based on market rates, ensuring fairness and transparency, and are not expected to negatively impact the company's independence or the interests of its shareholders.

Shanghai Mitaji Culture Development Co., Ltd., established on November 17, 2025, with a registered capital of 50 million yuan, reported total assets of 2.4583 million yuan and net assets of 1.5003 million yuan as of November 30, 2025. Its revenue from establishment to November 30, 2025, was 1.2212 million yuan, with a net profit attributable to parent company shareholders of -499,700 yuan.