Wuzhou Transport: Intends to lease 4 gas stations to affiliated parties, with an expected rental of 26.48 million yuan.

date
03/07/2026
Wuzhou Transportation announced that its wholly-owned subsidiary, Tanbai Company, intends to lease 4 gas stations within the Tanbai Expressway Tiandong and Baise service areas to Guangxi Transportation Investment Group Petroleum Sales Co., Ltd. The lease term is 3 years, with an expected rental income of 26.48 million yuan. The company is a wholly-owned third-level subsidiary of the company's controlling shareholder, and this transaction constitutes a related party transaction. In the past 12 months, the company's cumulative amount of related party transactions is 703,900 yuan. This transaction has been approved by the board of directors and does not require submission to the shareholders' meeting.