Hezhong Electric: Plans to lease affiliated party's property for 8.3676 million yuan, with a lease term of 6 years.
Hewei Electric announced that the company intends to sign a "Housing Lease Agreement" with its related party Wanhe Tiannuo to lease a property located in the Futian District of Shenzhen, covering an area of 1,164.12 square meters. The lease period will be from August 15, 2026, to August 14, 2032, with a total rent of 8.3676 million yuan and property management fees of 2.0116 million yuan. The company's Vice General Manager Liang Longwei and Board Secretary Cao Yang serve as directors and supervisors of Wanhe Tiannuo, respectively. In the past 12 months, the total related party transactions with this related party amounted to 57.8026 million yuan, accounting for 1.12% of the latest audited net assets. This transaction has been approved by the Board of Directors and does not require approval from the shareholders' meeting.
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