Shang Hai Zheng Quan Bao·2025-10-13 19:17Core Viewpoint - China Everbright Bank's board of directors approved a significant related party transaction with China CITIC Financial Asset Management Co., Ltd., involving a credit limit of RMB 29 billion for a period of 12 months [9][10]. Group 1: Board Meeting Details - The 32nd meeting of the 9th Board of Directors was held on October 13, 2025, with all 16 directors participating in the voting [1][2]. - The meeting's resolutions included the approval of the related party transaction and amendments to important sales systems for wealth management products and information disclosure management [5][6]. Group 2: Related Party Transaction - The transaction involves a credit limit of RMB 29 billion to China CITIC Financial Asset Management, which holds an 8.02% stake in the bank and has one director on the board [9][11]. - The transaction was approved by the board's related party transaction control committee and independent directors, and does not require shareholder or regulatory approval [10][15]. Group 3: Compliance and Fairness - Independent directors confirmed that the transaction adheres to legal regulations and internal procedures, ensuring fairness and compliance with market prices [4][15]. - The pricing of the transaction is based on market principles and is not more favorable than similar transactions with other clients [13]. Group 4: Financial Impact - The transaction is considered a normal business operation for the bank and is not expected to have a significant impact on its financial status [14]. - The total amount of related party transactions in the past 12 months, including this transaction, exceeds 0.5% of the bank's latest audited net assets [9][10]. Group 5: Related Party Background - China CITIC Financial Asset Management was established in November 1999, with a registered capital of RMB 80.247 billion and total assets of RMB 1,010.933 billion as of June 2025 [12]. - The company specializes in managing and disposing of non-performing assets [12].