Shenyang Machine Tool details 2025 related-party lease transactions

Shenyang Machine Tool Co. (SZSE:000410) announced its 2025 land and property lease transactions with related parties. The company will lease properties, finished goods storage, and parking spaces to General Technology Group Shenyang Machine Tool Co. for 22,034,600 yuan. Additionally, the company will receive 1,401,400 yuan for leasing part of its production base properties in the Xishui River Industrial Park. Its subsidiary, Tianduan Company, will lease properties to General Technology Group Machine Tool Research Institute (Tianjin) Co. for 1,308,700 yuan.

These transactions, totaling 24,744,700 yuan, are deemed necessary for the companies' production and operations. Both General Technology Group Shenyang Machine Tool Co. and General Technology Group Machine Tool Research Institute (Tianjin) Co. are subsidiaries of China General Technology (Group) Holding Co., which is the controlling shareholder of Shenyang Machine Tool. The pricing for these transactions will be based on market rates.

The company's Tenth Board of Directors and Independent Directors have approved these transactions, affirming that they are fair and will not harm the interests of minority shareholders. As of August 2025, the company has engaged in 186,088,300 yuan in related party purchases and 581,530,000 yuan in related party sales with General Technology Group Shenyang Machine Tool Co.