On June 23, Jiuzhou One-Rail (688485.SH) disclosed its intention, along with its wholly-owned subsidiary Henan Luchuang, to enter into a general contract with Tongchuang Jiuzhou, a participating company in which Jiuzhou One-Rail holds a 40% stake. The contract, inclusive of taxes, is valued at 107 million yuan, with a design fee component of 3.28 million yuan. Notably, Cao Weidong, the director and president of Jiuzhou One-Rail, also serves as the chairman of Tongchuang Jiuzhou. Given the interrelated nature of the companies involved, this transaction qualifies as a related-party deal and necessitates approval from the shareholders' meeting before proceeding.
