Shang Hai Zheng Quan Bao·2025-12-30 22:42Core Viewpoint - Jiangxi Copper Co., Ltd. held its 14th meeting of the 10th Board of Directors on December 30, 2025, where several key resolutions were passed, including the appointment of a new vice president and the approval of financial service agreements with related parties [1][10][34]. Group 1: Board Resolutions - The Board approved the appointment of Mr. Wu Jun as the vice president of the company [1][10]. - The Board approved the revision of the "General Manager Work Rules" to align with relevant laws and the company's actual situation [3]. - The Board approved a financial service agreement between Jiangxi Copper Group Finance Co., Ltd. and its controlling shareholder, Jiangxi Copper Group Co., Ltd., which includes provisions for deposits and loans [4][12]. Group 2: Financial Service Agreement - The new financial service agreement is effective from December 30, 2025, to December 29, 2028, allowing Jiangxi Copper Group to conduct deposit and loan transactions with a daily loan balance not exceeding RMB 380 million [14][17]. - The agreement stipulates that the daily loan balance must not exceed the daily deposit balance, ensuring a "net deposit" arrangement [14][17]. - The agreement was approved by the Board with non-related directors voting in favor, and related directors abstaining from the vote [18][29]. Group 3: Financing Lease Agreement - The Board approved a financing lease cooperation framework agreement with Shenzhen Jiang Copper Leasing Co., Ltd., effective from January 1, 2026, to December 31, 2028, with a total annual rental payment not exceeding RMB 190 million [34][35]. - This agreement aims to enhance asset allocation and resource sharing, thereby improving the company's overall efficiency [34][48]. - The past 12 months have seen a total of RMB 35.78 million in financing lease transactions with Shenzhen Leasing [34][47].