Haohua Technology raises 2025 related party transaction estimates

Haohua Chemical Science & Technology Corp. announced an increase in its estimated ordinary related party transactions for 2025 by RMB 35,190.82 million, raising the total estimated amount from RMB 348,264.01 million to RMB 383,454.83 million. This adjustment reflects the company's normal operating requirements and market-based pricing principles, ensuring no detriment to non-related shareholders.

The increase encompasses various categories, including a RMB 20,102.90 million rise in estimated procurement of raw materials, equipment, and services, bringing the total to RMB 219,994.59 million. Key beneficiaries include Jiangxi Xingfu Zhonglan New Material Co., Ltd., and Zhonglan Lianhai Design and Research Institute Co., Ltd.

Sales of goods and services also saw a substantial increase of RMB 14,603.52 million, pushing the estimated total to RMB 153,880.58 million. Zhejiang Zhonglan Jinleng New Materials Co., Ltd. and Xingguo Xingfu Chemical Co., Ltd. are notable recipients. The company's independent directors confirmed the transactions are fair and necessary for ongoing operations.