Securities code: Zhongyin Babi Food Co.Ltd(605338) securities abbreviation: Zhongyin Babi Food Co.Ltd(605338) Announcement No.: 2022024 Zhongyin Babi Food Co.Ltd(605338)
Announcement on the company’s expected daily connected transactions in 2022
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
● this day-to-day related party transaction is related to daily business. It sells goods and provides labor services to franchise stores controlled by related natural persons at the fair market price. The operating income generated from related party transactions has no significant impact on the company’s annual operating income and net profit, and will not have an adverse impact on the company’s current and future financial status and operating results.
● according to the relevant provisions of the Listing Rules of Shanghai Stock Exchange and the articles of association, the company’s expected daily connected transactions in 2022 need not be submitted to the general meeting of shareholders for deliberation.
1、 Basic information of daily connected transactions
(I) procedures for daily review of related party transactions
Zhongyin Babi Food Co.Ltd(605338) (hereinafter referred to as “the company”) convened the 14th meeting of the second board of directors on April 7, 2022, deliberated and adopted the proposal on the estimated daily connected transactions in 2022. Liu Huiping, a connected director, avoided voting on the proposal, with 8 votes for non connected directors, 0 against and 0 abstention. This proposal does not need to be submitted to the general meeting of shareholders of the company for deliberation.
The independent directors expressed their independent opinions on the above proposal: the company expects that the daily related party transactions in 2022 belong to the needs of normal production and operation, the transactions are necessary, continuous and reasonable, the transaction pricing follows the principles of fairness and fairness, the transaction amount is expected to be objective and reasonable, the related Directors voted to avoid, and the decision-making procedures comply with the company law The relevant provisions of the articles of association and other laws, regulations and normative documents do not damage the interests of the company and the interests of minority shareholders. The independent directors unanimously agreed to the company’s proposal on the expected daily connected transactions in 2022.
(II) prediction and implementation of daily connected transactions in 2021
Unit: 10000 yuan currency: RMB
Category of related party transactions related party transactions estimated in 2021 actually occurred in 2021
Content amount
Liu Huifa controls the sale of goods 60.00 25.50
Franchise stores and labor services sold to related parties
Goods, provided by Lao Chen Changqin, controlled sales of goods 50.00 35.50
Franchise stores and labor services
Subtotal 110.00 61.00
(III) estimated amount and category of daily connected transactions in 2022
Unit: 10000 yuan currency: RMB
At the beginning of this year
Proportion in the current forecast of similar projects by 2022
The proportion of the actual business of the previous year as of March 31 of the same kind in the current pre occupation of related party transactions is the same as that of the previous year
The business ratio of the amount accrued by the related person of the easy category and the amount of the inter occurrence of the related person
Cases (%) with large difference in cumulative issued amount (%)
Transaction reasons
amount of money
Selling Chen Changqin to related parties
Commodity, control 65.00 0.06 5.79 35.50 0.03 not applicable
Provide labor franchise stores
Affairs
2、 Introduction and relationship of related parties
1. Ms. Chen Changqin
Association with the company: Chen Changqin is the spouse of Liu Huifa, the elder brother of Liu Huiping, the actual controller of the company. He is a close family member of a natural person who directly or indirectly holds more than 5% of the shares of the listed company as stipulated in article 6.3.3, paragraph 2 (IV) of the Listing Rules of Shanghai Stock Exchange.
2. Performance capability analysis
The company maintains normal business transactions with the above related parties, and the related party transactions are executed in accordance with the signed business contracts. Up to now, the execution is good. The risk of loss of the company due to the failure of related parties to perform the contract is small.
3、 Main contents and pricing policies of related party transactions
The company sells goods and provides services to the stores controlled by Ms. Chen Changqin. The sales price and charging standard refer to the unified franchise policy of the company. There is no significant difference with other franchise stores, and the price is fair. Relevant transactions do not harm the interests of the company and its shareholders.
4、 Purpose of related party transactions and its impact on Listed Companies
The expected daily related party transactions are the sales of goods and provision of labor services to franchise stores controlled by related natural persons at the fair market price due to the needs of daily business; The operating income generated from related party transactions has no significant impact on the company’s annual operating income and net profit, and will not have an adverse impact on the company’s current and future financial status and operating results.
It is hereby announced.
Zhongyin Babi Food Co.Ltd(605338) board of directors April 9, 2022
