格隆汇12月11日丨正通汽车(01728.HK)公告，于2025年12月11日，公司与国贸财务订立新金融服务协 议，据此，国贸财务同意向集团提供若干金融服务，包括存款服务、支付和结算服务及其他无需集团存 入或托管资产的金融服务，自2026年1月1日起开始，为期三年。现有金融服务协议将持续进行至其期限 届满之日，即2025年12月31日。 ...

在信用评级与行业排名方面，乐山市商业银行同样表现突出。今年7月，该行主体信用评级保持AA+水 平，这一评级已连续3年稳定；根据英国《银行家》公布的信息，该行位列"全球银行1000强"第505位， 较去年提升68位，用扎实的发展成果展现出高质量发展的"加速度"。 未来，乐山市商业银行将始终坚守"服务地方经济、服务中小企业、服务城乡居民"的发展定位，以1500 亿存款规模带来的稳固资金储备为核心支撑，深度贴合地方发展战略。在支持中小企业成长、满足城乡 居民金融需求、助力成渝地区双城经济圈建设等领域持续深耕，凭借更充足的资金保障与更优质的金融 服务，为地方经济社会高质量发展输送源源不断的金融动能，进一步践行城商行"资金效能优化服务地 方"的转型方向。 近期，乐山市商业银行迎来重要发展节点。截至9月末，该行存款规模成功突破1500亿元大关。这一成 绩的背后，是该行长期扎根地方市场、用心积累客户信任的结果，也为后续更精准地服务地方发展储备 了充足的资金力量。 作为国有控股银行，乐山市商业银行今年以来始终紧跟地方发展节奏，经营业绩与发展质量同步提升。 截至6月底，该行资产总额达2117亿元，实现经营性利润21.76亿元， ...

Investor Day December 10, 2025 Forward-looking Statements This presentation and statements by our management may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include, without limitation, statements regarding our strategic initiatives, priorities, plans and vision; our acquisition of Sandy Spring Bancorp, Inc. ("Sandy Spring") and expectations with regard to the benefits of the Sandy Spring a ...

Group 1 - The company is conducting a board of directors election as the current term will expire on November 26, 2025 [1][2] - The ninth board of directors will consist of 11 members, including 6 non-independent directors, 4 independent directors, and 1 employee representative [1][2] - The election of directors will be conducted through a cumulative voting method at the upcoming extraordinary shareholders' meeting [2] Group 2 - The company has nominated candidates for the ninth board, including 6 non-independent directors and 4 independent directors [2][3] - The independent director candidates have qualifications and have not faced any administrative penalties or disciplinary actions [4][11] - The term for the newly elected board members will be three years, with independent directors subject to a maximum tenure of six consecutive years [2][4] Group 3 - The company plans to renew the financial services framework agreement with AVIC Finance, which will provide various financial services to the company and its subsidiaries [13][14] - The agreement includes a maximum daily deposit balance of RMB 1.5 billion and a revolving loan limit of RMB 1.5 billion [16][70] - The agreement is expected to enhance the company's capital turnover efficiency and reduce transaction costs [14][31] Group 4 - The company held a board meeting on December 8, 2025, where several key resolutions were passed, including the nomination of board candidates and the renewal of the financial services agreement [34][66] - The independent directors have reviewed and approved the financial services agreement and risk assessment report [32][72] - The upcoming extraordinary shareholders' meeting is scheduled for December 25, 2025, to vote on the proposed resolutions [44][77]

Financial Data and Key Metrics Changes - Net earnings for Q3 2025 increased by over $700,000 to approximately $4.3 million compared to roughly $3.6 million in Q2 2025 [6][7] - Net interest income rose by about $800,000 quarter over quarter, from just over $10.2 million to just over $11 million [7] - Pre-tax, pre-provision income reached approximately $17.35 million year to date, representing an annualized run rate of about $23.1 million [8][10] - Core return on average equity (ROE) was approximately 22.6% for the quarter, one of the highest levels among community banks nationwide [8] Business Line Data and Key Metrics Changes - Gross loans ended the quarter at $813.7 million, up from $784.6 million last quarter, representing a strong acceleration of loan growth [14] - Total deposits grew to $959.5 million, with $80.6 million in new deposits during Q3 2025 [15][18] - Non-interest income increased nearly $1.5 million year over year, driven by service charges and fees [14][16] Market Data and Key Metrics Changes - Total assets grew by $83.9 million to $1.08 billion as of September 30, 2025 [17][18] - The efficiency ratio remained highly competitive at 50.7%, well below the peer average of 68.02% [19] Company Strategy and Development Direction - The company aims to reinforce its position as one of the most dynamic and rapidly growing community banks in South Florida while maintaining a relationship-driven culture [20][21] - The focus remains on utilizing strong capital and a dedicated team to support growth and expansion [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong loan growth and profitability, emphasizing the importance of community relationships [20][39] - The company is actively searching for mergers and acquisitions to further enhance growth [36] Other Important Information - The company celebrated its 25th anniversary, highlighting its growth from a single branch to a $1.1 billion institution [3][6] - The allowance for credit losses to loans ratio stands at 1.23%, above the national peer average of 1.17% [17] Q&A Session Summary Question: What drove the expansion in Q3 NIM, and how does year-to-date performance compare with margin levels going forward? - The expansion in NIM was driven by older loans running off at lower interest rates and newer loans being issued at higher rates [26] Question: What is driving the deposit growth, and how is the deposit mix evolving? - The growth is attributed to a loyal customer base, with a historical mix of one-third non-interest-bearing deposits [27][28] Question: Which loan segments are driving growth, and how do you feel about overall credit risk? - The majority of growth is in commercial real estate, with strong asset quality maintained [30][31] Question: How does management evaluate capital adequacy relative to regulatory requirements and internal targets? - The company has a robust capital structure, well above regulatory requirements, and is actively seeking growth opportunities [34][36] Question: How is the bank positioning itself competitively amid regional CRE dynamics and deposit competition? - The bank differentiates itself through strong customer relationships and service quality rather than competing solely on rates [38][39] Question: Can the bank attract New York City depositors given recent events? - The bank's customer base is not limited to South Florida, and there are opportunities to expand beyond current markets [42][44]

Core Points - Shanxi Tongbao Energy Co., Ltd. plans to sign a Financial Service Agreement with its affiliate, Jinneng Holding Group Finance Co., Ltd., to optimize financial management and reduce financing costs and risks [2][22] - The agreement will provide various financial services including deposit services, settlement services, and comprehensive credit services, with a validity period of three years [3][22] - The maximum daily deposit balance and comprehensive credit limit under the agreement are both capped at RMB 2.1 billion [3][22] Transaction Overview - The Financial Service Agreement will allow the finance company to provide services within the scope approved by the National Financial Regulatory Administration [3][4] - The finance company is a non-bank financial institution with a registered capital of RMB 204.082 million, primarily funded by Jinneng Holding Group [3][5] - This transaction is classified as a related party transaction and requires approval from the shareholders' meeting [4][22] Financial Services Details - The financial services include: - **Deposit Services**: The company can maintain a maximum daily deposit balance of RMB 2.1 billion, with interest rates not lower than those offered by major domestic banks [8][11] - **Settlement Services**: The finance company will provide free settlement services for the company [10][11] - **Comprehensive Credit Services**: The maximum daily credit limit is also set at RMB 2.1 billion, with interest rates competitive with other financial institutions [11][12] Compliance and Approval Process - The agreement has been reviewed and approved by the independent directors and the audit committee, confirming that the risks associated with the financial services are manageable [23][24] - The board of directors has also approved the agreement, with related directors abstaining from voting [25][26] Impact on the Company - This related party transaction is expected to enhance the company's financial management, broaden financing channels, and lower financing costs and risks, benefiting all shareholders [22][23]

Group 1 - The company has signed a Financial Services Framework Agreement with Chongqing Mechanical and Electrical Holdings Group Financial Company to enhance its overall fund management and efficiency [7][26][58] - The agreement is valid for two years and includes services such as deposits, credit, and other financial services [7][14][15] - The agreement requires approval from the shareholders' meeting, with related shareholders abstaining from voting [8][39] Group 2 - The financial company is a non-bank financial institution established in 2013, with a registered capital of 1 billion yuan [9][11] - The financial company has a good development status over the past three years and is capable of fulfilling its contractual obligations [12][26] - The agreement stipulates that the daily maximum deposit balance at the financial company shall not exceed 400 million yuan [19][20] Group 3 - The company’s board of directors has approved the agreement, emphasizing that it complies with relevant laws and regulations and does not harm the interests of the company or its shareholders [27][28][60] - The independent directors have also reviewed and agreed that the agreement is fair and does not negatively impact the company's independence [28][29] - The company will hold its second extraordinary shareholders' meeting on November 12, 2025, to discuss the agreement [33][34][69]

Core Viewpoint - CITIC International Telecommunications (01883.HK) has announced the renewal of a financial services framework agreement with CITIC Bank, CITIC Bank International, CITIC Finance, and CITIC Finance International, covering deposit, settlement, and credit services until 2025 [1] Group 1: Agreement Details - The renewed agreement will not exceed three years in duration [1] - Deposit services will constitute non-exempt continuing connected transactions, requiring compliance with relevant listing rules [1] - Settlement and credit services are exempt from these requirements [1]

Core Insights - Leshan Commercial Bank has surpassed a deposit scale of 150 billion yuan as of the end of September, reflecting market recognition of its services and marking a solid step in its high-quality development [1] - The bank's total assets reached 211.7 billion yuan by the end of June, with operating profit of 2.176 billion yuan, indicating a dual improvement in both operational performance and development quality [1] - The bank maintained an AA+ credit rating for three consecutive years and ranked 505th in the "Global Top 1000 Banks" list, improving by 68 positions from the previous year, showcasing its accelerated high-quality development [1] Financial Performance - As of June 30, total assets were 211.7 billion yuan and operating profit was 2.176 billion yuan, with key regulatory indicators continuously optimizing [1] - The bank's deposit scale exceeded 150 billion yuan by the end of September, indicating strong market confidence [1] Strategic Focus - Leshan Commercial Bank adheres to the development philosophy of serving the local economy, small and medium-sized enterprises, and urban-rural residents, integrating its growth into local strategic priorities [1] - The bank actively participates in the Chengdu-Chongqing economic circle construction, positioning itself as a financial mainstay in local economic development [1]

Financial Data and Key Metrics Changes - The company reported net income of $1.8 billion, or $4.35 per share, reflecting strong performance across the franchise [4] - Total revenue reached a record $5.9 billion, up $254 million, or 4% from the previous quarter [12] - Non-interest expense increased by $78 million, or 2%, resulting in over 200 basis points of positive operating leverage [13] - The net interest margin (NIM) was 2.79%, a decline of one basis point, but expectations remain for NIM to exceed 3% in 2026 [14][15] Business Line Data and Key Metrics Changes - In retail banking, consumer demand deposit accounts (DDAs) grew 2% year-over-year, with a notable 6% growth in the Southwest region [5] - The asset management business saw client growth and positive net flows, particularly in expansion markets [7] - Commercial loans increased by $3.4 billion, or 2%, driven by growth in the commercial and industrial (CNI) portfolio [9] Market Data and Key Metrics Changes - Average deposits increased by $9 billion, or 2%, with strong growth in commercial interest-bearing deposits, which rose by 7% [11] - Non-interest income reached $2.3 billion, an increase of $161 million, or 8%, driven by broad-based growth across categories [15] - The company anticipates average loans to be stable to up 1% in the fourth quarter of 2025 [18] Company Strategy and Development Direction - The company is focused on organic growth and strategic acquisitions, such as the recent announcement to acquire FirstBank, which will enhance its market share in Colorado [7] - The management emphasized the importance of maintaining a strong retail franchise alongside the CNI franchise to ensure balanced growth [33] - The company aims to reduce costs by $350 million in 2025 through a continuous improvement program [17] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the economy, noting resilient consumer spending and corporate clients' positive outlook [4][5] - The company expects real GDP growth to be below 2% in 2025, with unemployment peaking above 4.5% in mid-2026 [18] - Management remains confident in credit quality, with non-performing loans stable and charge-offs down [64] Other Important Information - The company returned $1 billion of capital to shareholders during the quarter, including $679 million in common dividends and $331 million in share repurchases [9] - The allowance for credit losses totaled $5.3 billion, or 1.61% of total loans, indicating strong credit quality [18] Q&A Session Summary Question: Margin performance and outlook - Management expects NIM to expand and reach 3% by 2026, despite a temporary decline due to commercial deposit growth [21][22] Question: Expense expectations for the fourth quarter - Expenses are expected to rise due to seasonal factors and increased business activity, with a full-year guidance adjustment to 1.5% [24][27] Question: Scale and growth opportunities - The company is focused on organic growth and selective acquisitions, with the FirstBank deal seen as an opportunity to enhance retail dominance [33] Question: Commercial real estate loan growth - Management anticipates a turnaround in commercial real estate balances at the beginning of next year [35] Question: Capital levels and rating agency perspectives - The company is well-capitalized with a CET1 ratio of 10.6%, and management is assessing capital levels in light of recent developments [58][60] Question: Loan demand and credit quality outlook - Management sees strength in loan growth possibilities and maintains a positive outlook on credit quality, with charge-offs expected to remain low [64]