Jiangsu Expressway(600377) 证券之星· Zheng Quan Zhi Xing·2025-03-26 12:20Core Viewpoint - The company has signed a three-year financial service agreement with Jiangsu Transportation Holding Group Financial Co., Ltd. starting from April 1, 2025, to enhance its financing capabilities and ensure operational funding needs [1][2][7]. Summary by Sections 1. Overview of Related Transactions - The agreement allows for a maximum daily deposit balance of RMB 500 million, which is less than 5% of the company's audited revenue, total assets, or market value [2][5]. - The financial company will provide a comprehensive credit limit of no less than RMB 5 billion, with loan interest rates not exceeding the People's Bank of China’s loan market quotation rate (LPR) [1][2]. 2. Related Party Introduction - Jiangsu Transportation Holding Group Financial Co., Ltd. is a non-banking financial institution approved by the former China Banking Regulatory Commission, providing financial services to group members [4][8]. - The financial company has a registered capital of RMB 200 million and has shown strong financial performance with total assets of RMB 2,387.55 million as of December 31, 2024 [4][8]. 3. Main Content of the Financial Service Agreement - The financial company will ensure that the deposit interest rates are not lower than those offered by major state-owned banks and will provide various financial services including payment and collection services [6][8]. - The agreement is effective from April 1, 2025, to March 31, 2028, and includes provisions for breach of contract responsibilities [7][9]. 4. Purpose and Impact of the Related Transactions - The agreement aims to broaden financing channels, enhance capital allocation capabilities, and secure operational funding needs amid changing external financial policies [7][9]. - The financial services provided by the financial company are expected to lower financing costs and improve capital efficiency for the company [8][9]. 5. Approval Process for Related Transactions - The agreement was approved by the company's board of directors, with related directors abstaining from voting, and does not require shareholder meeting approval [3][9].