Aug 10, 2021 08:52 PM (GMT+8) · EqualOcean
Angang Steel announced that the company has established 12 research and development projects. Because the company does not have the conditions for independent development, the company plans to cooperate with Angang Beijing Research Institute to carry out technology development projects. According to the technology development agreement, the company needs to pay a total technology development fee of RMB 114 million to Angang Beijing Research Institute. The related party transactions amounted to RMB 114 million, accounting for 0.21% of the company's audited net assets in the latest year.