Beijing-Shanghai High Speed Railway (SH:601816) Shang Hai Zheng Quan Bao·2026-01-12 18:13Core Viewpoint - The announcement details the renewal of the "Comprehensive Service Framework Agreement" between the company and China National Railway Group, which aims to clarify the rights and obligations of both parties regarding daily related transactions without introducing new ones [2][11]. Group 1: Agreement Details - The agreement is set for a three-year term from January 1, 2026, to December 31, 2028 [4][3]. - The company will provide various services to the National Railway Group, including line usage, contact network usage, passenger services, ticket sales, and other necessary services for normal railway operations [5][6]. - The National Railway Group will offer services such as entrusted transportation management, high-speed rail capacity assurance, and financial services to the company [7]. Group 2: Pricing Principles - The pricing for services under the agreement will follow a specific order: government pricing, government guidance pricing, industry pricing rules, comparable market prices, and finally, actual costs plus reasonable profit if no other pricing methods apply [8][9]. Group 3: Transaction Volume and Impact - The company must estimate the annual related transaction amounts before disclosing the previous year's report, and any excess amounts will require board or shareholder approval [10][11]. - The agreement aims to standardize daily related transactions management and ensure fair pricing that protects the interests of all shareholders, particularly minority shareholders [2][11]. Group 4: Financial Services Agreement - The company has signed a supplementary financial services agreement with China Railway Finance Co., increasing the daily maximum deposit balance from RMB 3 billion to RMB 10 billion [21][22]. - This agreement is expected to enhance the company's fund management efficiency and will not affect its daily operations or the interests of non-related shareholders [23][37]. Group 5: Entrusted Loan to Subsidiary - The company will provide an entrusted loan of up to RMB 3 billion to its subsidiary, Anhui Railway Passenger Dedicated Line Co., to alleviate financial pressure and optimize its debt structure [25][37]. - The loan will be issued through China Railway Finance Co. and is intended to support the subsidiary's liquidity needs [30][31].