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Xinxiangwei (688593.SH) has made public its intention: its wholly-owned subsidiary, Xinxiang Technology, is set to invest RMB 100 million of its own capital into Beidian Shuzhi. Given that Beijing Electronics Holdings possesses a 12.30% equity stake in Xinxiangwei, and that Xinxiangwei's director, Dong Yongsheng, concurrently holds the position of Deputy General Manager at Beijing Electronics Holdings, coupled with the fact that Beidian Shuzhi operates as a controlled subsidiary under Beijing Electronics Holdings, Beidian Shuzhi is thus classified as a related entity to Xinxiangwei. This financial maneuver qualifies as a related-party transaction, yet it falls short of constituting a significant asset restructuring event. At present, this investment endeavor is still subject to the internal approval processes mandated by the relevant state-owned asset supervisory authority.
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