---
title: "Haixia Environmental Protection: It is expected that the cumulative amount of related party transactions within three years will not exceed 21 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/256883782.md"
description: "Haixia Environmental Protection announced that it plans to sign a cooperation contract with its controlling shareholder Fuzhou Water Group's wholly-owned subsidiary Fuzhou Haixia Water Industry to carry out a three-year photovoltaic microgrid energy management project. The annual related transaction amount is expected to not exceed 7 million yuan, with a cumulative total not exceeding 21 million yuan over three years. Upon project completion, the company will purchase electricity from related parties at the agreed electricity price, with funding sourced from its own funds, and the electricity fee will be settled at a 10% discount"
datetime: "2025-09-11T09:18:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/256883782.md)
  - [en](https://longbridge.com/en/news/256883782.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/256883782.md)
---

# Haixia Environmental Protection: It is expected that the cumulative amount of related party transactions within three years will not exceed 21 million yuan

Haixia Environmental Protection announced that the company plans to sign a "Cooperation Contract for the Photovoltaic Microgrid Energy Management Project at the Yangli Wastewater Treatment Plant in Fuzhou" with its controlling shareholder, Fuzhou Water Group Co., Ltd.'s wholly-owned subsidiary, Fuzhou Haixia Water Industry Co., Ltd. The cooperation period is three years, with the expected annual related transaction amount not exceeding 7 million yuan, and the cumulative related transaction amount during the cooperation period not exceeding 21 million yuan. According to the contract, Haixia Water Industry will invest in the construction of the "Photovoltaic Microgrid Energy Management Project" within the Yangli Wastewater Treatment Plant area in Fuzhou. After the project is completed, the company can purchase the electricity generated by the "Photovoltaic Microgrid Energy Management Project" from related parties at the agreed contract price. This transaction category is for purchasing electricity, and the required funds will come from the company's own funds, with the electricity bill settled at 90% of the monthly settlement price between the company and the State Grid

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