Zheng Quan Zhi Xing·2025-05-30 12:18Core Viewpoint - The company has signed a financial services agreement with China Energy Conservation (Hong Kong) Financial Management Co., Ltd., which constitutes a related party transaction, and this agreement is subject to approval at the upcoming shareholders' meeting [1][2][7]. Summary by Sections Related Party Transaction Overview - The board of directors approved the financial services agreement with the financial management company during a meeting held on May 30, 2025 [1]. - The independent directors also reviewed and approved the transaction [1]. Basic Information of Related Party - The financial management company is a third-level subsidiary of the company's controlling shareholder, China Energy Conservation [2]. - The company was established in May 2018 in Hong Kong, with a registered capital of 800 million HKD [2]. - As of December 31, 2024, the financial management company reported total assets of 439.49 million HKD and a net profit of 6.07 million HKD [2]. Basic Information of Transaction - The transaction involves the provision of deposit, settlement, credit, and other financial services by the financial management company to the company [3]. Pricing Policy and Basis - The pricing for the services will be based on the average interest rates of similar deposits offered by commercial banks in Hong Kong and the company's registered location [4]. Main Content of the Agreement - The agreement outlines the services to be provided, including deposit, settlement, credit, and other financial services [4]. - The financial management company commits to offering competitive rates compared to other financial institutions [4]. Purpose and Impact of the Transaction - The agreement aims to leverage the financial management company's platform for overseas financial services, enhancing the company's financing channels and risk management [6]. - The transaction is considered a normal business operation that benefits the company's operational efficiency [6]. Previous Related Transactions - The company has not engaged in any previous related party transactions with the financial management company, and the total amount of related transactions with other related parties is 2.487 billion CNY [6]. Independent Directors' Review - The independent directors concluded that the transaction is a normal business activity that enhances operational efficiency and complies with relevant regulations [6][7]. Sponsor's Review Opinion - The sponsor, CITIC Construction Investment Securities, has no objections to the related party transaction, confirming that it adheres to legal and regulatory requirements [7].