
Core Viewpoint - East Asia Bank has entered into a framework agreement with Sumitomo Mitsui Banking Corporation to facilitate immediate transactions and derivative contracts, enhancing operational efficiency and compliance with listing rules [1] Group 1: Agreement Details - The framework agreement allows East Asia Bank Group and Sumitomo Mitsui Group to enter into immediate transactions and derivative contracts as per the terms outlined [1] - This agreement is aimed at managing and hedging various market risks, including foreign exchange and interest rate risks, through products and services offered to clients [1] Group 2: Relationship with Sumitomo Mitsui - Sumitomo Mitsui Bank is a major shareholder of East Asia Bank, making it a related party under the Listing Rules Chapter 14A [1] - The board believes that entering into this framework agreement is in the best interest of East Asia Bank to facilitate efficient transactions in daily operations [1]