Jing Ji Guan Cha Wang·2025-08-27 02:44Core Viewpoint - Chongqing Rural Commercial Bank Co., Ltd. has approved a related party transaction with Zhejiang Wangshang Bank, involving a total amount not exceeding 1.23 billion yuan [1] Group 1: Transaction Details - The bank agreed to provide a comprehensive credit limit of 1.2 billion yuan to Zhejiang Wangshang Bank for a term of one year [1] - Additionally, the bank will pay up to 30 million yuan in loan service fees, bringing the total related party transaction amount to not exceed 1.23 billion yuan [1] - The transaction has been reviewed and approved by the bank's independent directors and the related party transaction control committee, thus not requiring shareholder meeting approval [1] Group 2: Governance and Compliance - The transaction is classified as a related party transaction due to Mr. Peng Yulong, a director of Chongqing Rural Commercial Bank, also serving as a director at Zhejiang Wangshang Bank [1] - The announcement emphasizes that the pricing of the transaction adheres to market principles and is not more favorable than similar transactions with non-related parties [1] - It is stated that the transaction will not have a significant impact on the bank's normal operations and financial status [1]