On July 18th, Gelunhui reported that Hunan Lead Power Technology Group (300530.SZ) announced that in order to meet daily business and office needs, its wholly-owned subsidiary Guangdong Dazhi Chemical Technology Co., Ltd. (hereinafter referred to as "Dazhi Chemical") plans to renew the Property Lease Agreement and Rent Agreement with Guangzhou Dazhi New Materials Technology Co., Ltd. (hereinafter referred to as "Dazhi New Materials"), leasing the site for Dazhi Chemical offices, factory buildings, and warehouse use. According to the rental and lease term agreements of the Property Lease Agreement and Rent Agreement, the two lease agreements amount to RMB 11.424 million and RMB 0.7 million respectively, with a total amount of RMB 18.424 million.
Mr. Cai Zhihua held 31.12% of the company's shares and is the second largest shareholder in the company. He holds 100% of the equity of Dazhi New Materials and directly controls it. This transaction constitutes a related party transaction but does not constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies", and does not constitute a restructuring listing. It does not require approval from relevant departments. According to the relevant regulations of the Shenzhen Stock Exchange ChiNext stock listing rules and the company's articles of association, this related party transaction does not need to be submitted to the shareholder meeting for approval.