Shang Hai Zheng Quan Bao·2025-12-19 19:26Core Viewpoint - The company, China Shipbuilding Industry Group Power Co., Ltd., plans to sign a financial service agreement with China Shipbuilding Finance Co., Ltd. for the year 2026, which includes various financial services such as deposits, loans, and foreign exchange services, with specific transaction limits set for each service type [1][2][14]. Group 1: Financial Service Agreement Details - The financial service agreement will allow the company to utilize up to 55 billion RMB in daily deposits, 8 billion RMB in daily loans, and a total annual credit limit of 15.3 billion RMB [1][2]. - The agreement aims to enhance the efficiency of fund utilization and reduce financing costs by leveraging the professional services of the company's indirect controlling shareholder, China Shipbuilding Group [2][14]. - The agreement is subject to approval by the shareholders' meeting, with related shareholders required to abstain from voting [2][16]. Group 2: Transaction Limits and Types - The daily maximum deposit balance is set at 55 billion RMB, while the daily maximum loan balance is capped at 8 billion RMB, and other financial services are limited to 7.2 billion RMB [1][2][12]. - The types of services provided under the agreement include deposit services, settlement services, loan services, credit services, and foreign exchange services [6][10][12]. - The pricing for these services will adhere to the regulations set by the People's Bank of China and will not exceed the rates offered by major domestic commercial banks [12][13]. Group 3: Impact and Purpose of the Agreement - The agreement is expected to provide comprehensive financial support to the company, ensuring stable funding and smooth financing channels, which can help save on financial transaction costs and lower financing risks [14][37]. - The flexibility of borrowing from China Shipbuilding Finance can alleviate the company's funding gaps and meet its financial needs [14][37]. - The transaction is structured to be voluntary, equitable, and in good faith, ensuring that it does not harm the interests of the company or its shareholders [14][37]. Group 4: Approval Process - The agreement was approved by the company's board of directors and independent directors, with the independent directors affirming that the financial company possesses the qualifications to provide financial services [15][19]. - The board's decision to proceed with the agreement will be presented to the shareholders' meeting for final approval [16][19].