Zheng Quan Zhi Xing·2025-08-26 16:35Core Viewpoint - The company has renewed its financial services agreement with Fosun Finance Company, extending the service period from January 1, 2026, to December 31, 2028, to continue receiving non-exclusive financial services including comprehensive credit, deposits, and settlement [1][3][14] Summary by Relevant Sections Financial Services Agreement Overview - The new financial services agreement was signed on August 26, 2025, due to the expiration of the previous agreement, which was effective from January 1, 2023, to December 31, 2025 [1][3] - The agreement includes services such as comprehensive credit, deposits, and settlement, with a service period of three years [3][11] Related Party Transactions - Fosun Finance Company is considered a related party as it shares the same controlling shareholder, Fosun High Technology, with the company [1][4] - The renewal of the financial services agreement is classified as a related party transaction and requires approval from the company's shareholders [2][5] Purpose and Impact of Related Transactions - The agreement aims to enhance the efficiency of fund utilization, control financing costs, reduce financing risks, and improve deposit returns while ensuring that the interests of the company and minority shareholders are not compromised [2][12] - The fee standards for services provided will be equal to or better than those offered by other domestic financial institutions [2][12] Financial Projections and Limits - The expected transaction categories and annual limits under the new agreement include a daily maximum credit limit of RMB 200 million and a daily maximum deposit limit of RMB 200 million [4][9] - The company plans to apply for a maximum comprehensive credit limit of RMB 2 billion during the service period [8][9] Governance and Compliance - The renewal of the financial services agreement was approved by the board of directors, with related directors abstaining from the vote [5][6] - Fosun Finance Company is committed to maintaining operational compliance and ensuring the safety of funds deposited by the company [12][13]