Zhejiang Wansheng Co.Ltd(603010) 4 / 25 announcement on related party transactions was issued. Shandong Wansheng, a wholly-owned subsidiary of the company, determined through public bidding that the general contractor of Shandong Wansheng’s 319300 tons / year integrated production of functional new materials environmental protection Island (phase I) project was Baizhong Environmental Technology (Shanghai) Co., Ltd. (“Baizhong environment”), with a bid winning amount of RMB 158 million.
According to the announcement, since the controlling shareholders of Zhejiang Wansheng Co.Ltd(603010) and Bozhong environment are Nanjing Nangang iron and Steel United Co., Ltd., according to relevant regulations, Bozhong environment is recognized as a related party of the company, and this transaction is a related party transaction.
