xinsteel(SH:600782) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-07 22:59Core Viewpoint - The company plans to continue its financial services agreement with Baowu Financial Company to optimize financial management, improve fund utilization efficiency, and reduce funding costs, with a maximum daily deposit limit of RMB 2.5 billion for the agreement period from January 2026 to December 2026 [2][4][13]. Group 1: Transaction Overview - The financial services agreement will include deposit, loan, and foreign exchange services, with a maximum daily deposit limit set at RMB 2.5 billion [2][4][7]. - The agreement is subject to approval by the company's shareholders, with related shareholders required to abstain from voting [4][14]. Group 2: Related Party Information - Baowu Financial Company and the company are under the same actual controller, China Baowu Steel Group Co., Ltd., establishing a related party relationship as defined by the Shanghai Stock Exchange [3][4]. Group 3: Agreement Details - The agreement will provide various financial services, including settlement services, deposit services, credit services, and other financial services, with pricing based on market principles and regulatory guidelines [5][6][8][10]. - The agreement will be effective upon signing by both parties and will remain valid until December 31, 2026, with provisions for amendments or termination through mutual consent [11][12]. Group 4: Impact and Purpose of the Transaction - The transaction aims to further optimize the company's financial management, broaden financing channels, and lower financing costs and risks, ensuring that it does not adversely affect the company's financial status or independence [13].