Zheng Quan Zhi Xing·2025-06-23 04:17Group 1 - The core point of the announcement is that the company plans to enter into a financial service agreement with Zijin Mining Group Finance Co., Ltd. to enhance cash management and financing efficiency [1][2] - The agreement will allow the company to conduct deposit and loan transactions, with a maximum daily deposit balance of RMB 2 billion and a maximum daily loan balance of RMB 1 billion [1][4] - The transaction is classified as a related party transaction as Zijin Finance is a subsidiary of Zijin Mining Group, which is a controlling shareholder of the company [1][3] Group 2 - The financial service agreement is subject to approval by the shareholders' meeting, and related parties will abstain from voting [2][7] - Zijin Finance has a solid business development and good operating conditions, with total assets of RMB 2,062,740.71 million as of March 31, 2025, and net profit of RMB 4,500.16 million for the first quarter of 2025 [3][4] - The company has assessed the risk management of Zijin Finance and found no significant deficiencies, ensuring that the financial services provided will not adversely affect the company's financial status or operational results [5][6] Group 3 - The financial services provided by Zijin Finance include deposit services at rates set by the People's Bank of China, and loan services with rates determined by relevant regulations [4][5] - The agreement will be effective for three years upon approval by the shareholders' meeting [5][6] - Independent directors have expressed their agreement with the transaction, stating that it aligns with the company's operational needs and does not harm the interests of shareholders, particularly minority shareholders [7]