Shang Hai Zheng Quan Bao·2025-07-29 17:39Core Viewpoint - The Shanghai Pudong Development Bank's board of directors approved a significant related party transaction involving a credit limit of RMB 20 billion for China Mobile Communications Group Co., Ltd, which is considered a normal credit business and does not significantly impact the company's financial status [6][12]. Group 1: Board Meeting Resolutions - The board meeting held on July 29, 2025, approved three key proposals: the related party transaction with China Mobile, the revision of the Outsourcing Risk Management Measures, and the optimization plan for the retail personal loan pooling model, all receiving unanimous support [2][4]. - The board meeting was attended by all 11 directors, meeting the legal requirements for quorum [1][4]. Group 2: Related Party Transaction Details - The approved transaction involves a comprehensive credit limit of RMB 20 billion for China Mobile Group, valid for one year, and constitutes a significant related party transaction as it exceeds 2.72% of the company's latest audited net assets [6][7]. - The transaction was reviewed and approved by the board's risk management and related party transaction control committee, as well as independent directors, and does not require shareholder approval [7][12]. Group 3: Impact and Compliance - The transaction is classified as a normal credit operation and is not expected to have a significant impact on the company's ongoing operations, profits, or asset status [12]. - The pricing policy for the related party transaction adheres to compliance and fairness principles, ensuring that terms are not more favorable than those offered to non-related parties [11][13].