Yu Yuan Stock Discloses 2026 Daily Related-Party Transaction Estimates, Total Exceeds 6 Billion Yuan

MaticHoleFiller · 2026-03-24T23:31:50+00:00

Shanghai Yuyuan Tourist Mall held a board meeting on March 23, 2026, to review and approve the implementation of routine related-party transactions for 2025. The actual transaction amount in 2025 was approximately 6.309 billion yuan, lower than the expected 8.652 billion yuan, and it is estimated to be 6.051 billion yuan in 2026. The related-party transactions involve multiple business areas and are conducted at market prices in the normal course of business, without affecting the company's independence. The proposal is still subject to approval by the shareholders' meeting.

MaticHoleFiller

2026-03-24 23:31:50

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China Visitor Network Data
Shanghai Yuyuan Tourism Mall (Group) Co., Ltd. held the second meeting of the 12th Board of Directors on March 23, 2026, to review and approve the proposal on the company’s actual implementation of routine related-party transactions in 2025 and the expected routine related-party transactions in 2026. According to the announcement, the actual amount of routine related-party transactions in 2025 was approximately 6.309 billion yuan, slightly below the previously estimated total of 8.652 billion yuan. Meanwhile, the company expects the total amount of routine related-party transactions in 2026 to be about 6.051 billion yuan.

The related-party transactions involve multiple business categories, including sales of goods, provision of services, property leasing, loans and deposits, procurement of goods, and acceptance of services. Major related parties include controlling shareholder Shanghai Fosun High Technology (Group) Co., Ltd. and its subsidiaries, associated company Jinhui Liquor Co., Ltd., and joint venture Sichuan Tuopai Shede Group Co., Ltd. The transactions cover daily business activities such as pharmaceutical sales, jewelry sales, alcohol procurement, property management, financial support, project entrusted management, and technical support services.

The company states that the above routine related-party transactions are conducted under normal commercial terms, with transaction prices determined based on market prices. These are normal business dealings between the company and its related parties and do not harm the interests of the company or non-related shareholders. The proposal still needs to be submitted for approval at the company’s general meeting. The ongoing related-party transactions mainly stem from the company’s normal business needs, including sharing industry chain resources with related parties, utilizing financial companies for fund management, entrusting professional teams for project management, and daily property leasing and commercial services. These transactions do not affect the company’s independence.

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