Core Viewpoint - Shanghai Pudong Development Bank (SPDB) has approved a significant related party transaction involving a comprehensive credit limit of RMB 20 billion to China Mobile Communications Group Co., Ltd., which constitutes a major related party transaction as it exceeds 1% of SPDB's latest audited net assets [1][2] Group 1 - SPDB's board of directors approved the credit limit for China Mobile Group during its seventh meeting in 2025, with the credit valid for one year [1] - The transaction amount represents 2.72% of SPDB's latest audited net assets, qualifying it as a major related party transaction [1] - The approval process included reviews by the bank's risk management and related party transaction control committee and independent directors, eliminating the need for shareholder meeting approval [1] Group 2 - SPDB stated that this related party transaction is part of its normal credit business and does not significantly impact its ongoing operational capacity, profit and loss, or asset status [2]
浦发银行给予中国移动通信集团200亿元综合授信额度