Xinxing Ductile Iron Pipes plans shareholder meeting, affirms transactions

Xinxing Ductile Iron Pipes (SZSE:000778) announced plans to hold its first extraordinary general meeting of shareholders in 2025 on March 27. A key item for approval is the proposed daily related transactions for 2025, totaling RMB 453.48 million. These transactions encompass purchases and sales of goods, labor services, leasing, and financial activities with its parent company, Xinxing Jihua Group, and its subsidiaries. The company has outlined the details of these transactions, ensuring they adhere to fair market pricing. The meeting will also allow shareholders to vote on all proposals, and those with vested interests in the related-party transactions must recuse themselves from voting. Shareholders can participate in person or online.