Zongshen Power adjusts 2025 related party transactions, plans 2026 forecast

Chongqing Zongshen Power Machinery has revised its 2025 daily related party transaction forecast, increasing the total amount by 172 million yuan to 1,568 million yuan. This adjustment, approved at the 12th board of directors' third meeting on December 10, 2025, and the independent directors' third special meeting on December 1, 2025, reflects market changes and aims to seize opportunities while ensuring compliance and protecting shareholder interests. The independent directors confirmed the adjustments align with market conditions and fair pricing.

Concurrently, the company also approved its 2026 daily related party transaction forecast, projecting a total of 1,576 million yuan. These transactions, primarily involving sales, procurement, and asset leasing, will be conducted at market prices and are intended to stabilize existing customer relationships and ensure reliable sales channels for the company's products. Both the adjusted 2025 forecast and the 2026 forecast will be submitted for approval at the 2025 second extraordinary general meeting on December 26, 2025.

Key related parties involved in these transactions include Jiangsu Zongshen Vehicle Industry Co., Chongqing Zongshen Engine Manufacturing Co., and Chongqing Meixin Yishen Machinery Co., among others. Affected shareholders will recuse themselves from voting on these related party matters at the upcoming extraordinary general meeting.