ACEG(SH:600502) Zheng Quan Zhi Xing·2025-08-29 17:57Core Viewpoint - Anhui Construction Group Co., Ltd. plans to accept credit enhancement measures from its controlling shareholder, Anhui Construction Group Holding Co., Ltd., for the issuance of asset securitization products, with a total expected credit enhancement amount not exceeding RMB 6 billion [1][2]. Summary by Sections 1. Overview of Related Transactions - The company intends to accept credit enhancement measures from the controlling shareholder, with the total expected amount not exceeding RMB 6 billion and a guarantee period not exceeding three years [2][4]. - The company will pay a guarantee fee estimated to exceed RMB 30 million but not exceed 5% of the audited net assets for the year 2024, thus not requiring shareholder meeting approval [2][4]. 2. Related Party Information - Anhui Construction Group Holding Co., Ltd. is the controlling shareholder of the company, and this transaction constitutes a related party transaction as per the Shanghai Stock Exchange regulations [2][3]. 3. Financial Details - The guarantee fee for the credit enhancement will be charged at an annualized rate of up to 0.4% for the portion exceeding the shareholding ratio, with an overall estimated annualized rate of approximately 0.27% [4]. - The total estimated guarantee fee will not exceed RMB 48.6 million [4]. 4. Rationale and Necessity of the Transaction - The acceptance of credit enhancement measures is aimed at improving the credit rating of the asset securitization products, enhancing investor confidence, and reducing financing costs [4][5]. - The transaction is conducted under principles of fairness and does not harm the interests of the company or its shareholders, particularly minority shareholders [4][5]. 5. Impact of the Transaction - The transaction is expected to facilitate the company's financing activities, promote the revitalization of existing assets, and broaden financing channels, which are essential for normal business operations [5]. - The pricing of the related transaction is fair and will not affect the independence of the listed company [5]. 6. Required Review Procedures - The independent directors have reviewed and agreed to the proposal, stating that it adheres to market principles and does not harm the interests of shareholders [5]. - The board of directors has also approved the proposal with a unanimous vote, with certain related directors abstaining from the vote [5].