Beijing certificate authority predicts $10.5m in related transactions
Beijing Certificate Authority (SZSE:300579) announced that it expects to engage in ¥10.5 million (approximately $1.5 million) in daily related-party transactions for the fiscal year 2025. These transactions will primarily involve the sale of goods and provision of labor services to the controlling shareholder, Beijing State-Owned Assets Management Co., Ltd. and its subsidiaries, as well as to associated companies. The estimated transactions include deals with Beijing Banxintong Technology, Guangxi Digital Certification, Shenzhen Zhongke Dingzhi Technology, Beijing Zhongtian Xin'an Technology, and Yuanshan Xuntong (Beijing) Technology. The company's board of directors approved these estimates. They determined the transactions are in line with normal business operations and will not impair the company's independence. The company has reported that the actual related party transaction amounts for 2024 were within the approved estimates.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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