Xiamen Xiangyu boosts 2025 related party transaction limits to $3.48bn

Xiamen Xiangyu has increased its 2025 annual ordinary related party transaction limit by CNY 50 million, bringing the total estimated transaction value to CNY 3,487,800,000. This adjustment was approved by the tenth board of directors at its first meeting on December 16, 2025, following earlier approvals. The decision aligns with the company's normal production and operational needs, driven by an increase in logistics, warehousing, and distribution services provided to Xiangyu Group’s subsidiaries.

The company's board meetings also addressed key governance matters, including the election of Wu Jie as chairman and Qi Weidong as vice chairman of the tenth board of directors. The board further appointed Qi Weidong as general manager and Liao Jie as board secretary, along with several deputy general managers and a financial controller. These appointments are effective until the expiration of the tenth board of directors' term.

China International Capital Corporation Limited (CICC), as the sponsor institution, confirmed that the increase in related party transaction limits complies with relevant laws and regulations. CICC emphasized that the transactions will be conducted at fair market prices, on a voluntary and equitable basis, without adversely affecting the company's operations, financial position, or the interests of its shareholders, particularly small and medium-sized investors.