Gelonghui, December 5, Chu Tianlong (003040.SZ) announced that on December 4, 2023, the company held the 16th meeting of the 2nd board of directors to deliberate and pass the “Bill on Asset Purchase and Related Transactions”, and plans to purchase three properties owned by related natural persons Chen Liying and Chen Xianxin. The above properties are all located in Wuhan City, Hubei Province. For a long time, the company and Sun Company have used related leases as business sites. This transaction will reduce the number of related transactions between the company and associated natural persons and raise the level of corporate governance. At the same time, it helps the company improve the efficiency of asset use, improve the office environment in Wuhan through the upgrading of basic office facilities, make full use of the advantages of Wuhan's local R&D human resources, and further enhance the company's R&D capabilities and brand image.
The Hubei branch of the company leased the long-term property of Chen Liying and her spouse located at No. 66 Zhongbei Road, Guohu Street, Wuchang District, Wuhan City, Hubei Province, as the place of business. The company's wholly-owned subsidiary Hubei Chutianlong Industrial Co., Ltd. leased two properties under Chen Xianxin's name at No. 54 Zhongbei Road, Wuchang District, Wuhan City, Hubei Province for a long time as the place of business.
The above properties are located in the core area of Wuchang District of Wuhan City. The geographical location is superior, which is also conducive to attracting high-end talents. Previously, the company and Sun Company both used it as a place of business for a long time through related leases.
In order to standardize and reduce related transactions, and at the same time make full use of the advantages of Wuhan's local R&D human resources and further enhance the company's R&D capabilities and brand image, the company plans to purchase three properties of related natural persons Chen Liying and Chen Xianjian located in Wuchang District, Wuhan City, Hubei Province.