SINOLINK SECURITIES(SH:600109) Zheng Quan Zhi Xing·2025-08-18 16:17Core Viewpoint - The company, Beijing Jiuzhou Yigu Environmental Technology Co., Ltd., is seeking to engage in a factoring business transaction with a related party, which is expected to enhance its cash flow and operational efficiency [1][4][6]. Summary by Sections Daily Related Transactions - The subsidiary, Jiuzhou Yigu Environmental Technology (Guangzhou) Co., Ltd., plans to sign a financing agreement with Beijing Rural Commercial Bank Co., Ltd. Economic and Technological Development Zone Branch for a financing amount of RMB 1.5 million [1][2]. - The financing interest rate will be determined based on the latest one-year Loan Prime Rate (LPR) minus 70 basis points, with a platform service fee of 0.1% per annum [1][4]. Related Party Information and Relationship - The related party is Beijing Rural Commercial Bank Co., Ltd. Economic and Technological Development Zone Branch, established on January 2, 2004, and operates independently with good credit status [2][3]. - The chairman of the company, Mr. Shao Gang, serves as a director at the bank, establishing the relationship as a related transaction, with Mr. Shao abstaining from voting [3][4]. Main Content of Related Transactions - The financing application is made by Jiuzhou Yigu Environmental Technology (Guangzhou) Co., Ltd., with the bank providing non-recourse factoring financing of RMB 1.5 million [3][4]. Pricing Policy and Basis for Related Transactions - The pricing for the factoring financing is based on the market price, ensuring fairness and objectivity, and is not expected to adversely affect the company's financial status or independence [4][5]. Purpose of Related Transactions and Impact on the Company - Engaging in factoring business is expected to accelerate capital turnover, enhance asset liquidity, and improve overall financial efficiency, positively impacting the company's cash flow [4][5][6]. Review Process for Related Transactions - The proposal for the related party transaction was approved by the company's audit committee and independent directors, confirming compliance with legal and regulatory requirements [5][6]. Sponsor's Review Opinion - The sponsor, Guojin Securities, has no objections to the company's application for the factoring business, affirming that it will not negatively impact the company's independence or financial results [6][7].