According to CoinMeta, Zhongsheng High-Tech announced that in line with the development of its modified plastics business and daily operational needs, the company intends to sign a 'Related Party Transaction Framework Agreement' with related parties Fuzhou Tianhao Trading Group Co., Ltd. and Fujian Times Packaging Materials Co., Ltd. The company and its subsidiaries plan to purchase polypropylene, propylene, propane, films, etc., from Fuzhou Tianhao. It is estimated that the total amount of related party transactions in 2026 will not exceed 72 million yuan, of which 60 million yuan will be spent on purchasing raw materials from Fuzhou Tianhao, and 12 million yuan will be generated from selling products to Fujian Times. This matter has been approved by the board of directors and still needs to be submitted to the shareholders' meeting for review.