---
title: "Fangzhi Science & Technology: Termination of 8.386 million yuan order with related party"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243475392.md"
description: "Fangzhi Science & Technology announced that the procurement order for the Golden Sun Intelligent Teaching Assistant Robot signed with its related party Beijing Zhixiang Technology Development Co., Ltd. has been terminated, with the original procurement amount being 8.386 million yuan. The company's controlling shareholder Huang Yuanzhong holds 26.52% of the equity in Beijing Zhixiang. According to relevant regulations, Beijing Zhixiang is a related legal entity of the company, and this transaction constitutes a related party transaction. From the beginning of 2025 to the disclosure date, in addition to the related party transaction with an original procurement amount of 8.386 million yuan, the total amount of related party transactions that have occurred between the company and Beijing Zhixiang is 20,000 yuan"
datetime: "2025-06-06T12:00:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243475392.md)
  - [en](https://longbridge.com/en/news/243475392.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243475392.md)
---

# Fangzhi Science & Technology: Termination of 8.386 million yuan order with related party

Fangzhi Science & Technology announced that the procurement order for the Golden Sun Intelligent Teaching Assistant Robot signed with its related party Beijing Zhixiang Technology Development Co., Ltd. has been terminated, with the original procurement amount being 8.386 million yuan. The company's controlling shareholder Huang Yuanzhong holds 26.52% of the equity in Beijing Zhixiang, and according to relevant regulations, Beijing Zhixiang is a related legal entity of the company, making this transaction a related party transaction. From the beginning of 2025 to the disclosure date, in addition to the original procurement amount of 8.386 million yuan related party transaction, the total amount of related party transactions that the company has had with Beijing Zhixiang is 20,000 yuan

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