Core Viewpoint - China International Cargo Airlines Co., Ltd. (referred to as "the Company") has announced the expected daily related transactions for 2025, which were approved during the 45th meeting of the first board of directors held on April 28, 2025. The transactions involve service provisions, loan services, and real estate leasing with related parties, and the proposals will be submitted for shareholder approval [10][28]. Group 1: Daily Related Transactions Overview - The Company has estimated the upper limit of annual transaction amounts for daily related transactions with relevant related parties for 2025, which includes service provisions and financial services [10][11]. - The board has approved four sub-proposals related to daily transactions with China Aviation Group, Air China, China Aviation Group Finance Co., and Zhejiang Cainiao Supply Chain Management Co. [10][11]. Group 2: Related Parties and Financial Status - China Aviation Group holds 39.40% of the Company's shares and is its actual controller, with total assets of 374.32 billion and a net profit of -2.96 billion for the first half of 2024 [11][12]. - Air China, a subsidiary of China Aviation Group, has total assets of 345.77 billion and a net profit of -0.24 billion for 2024 [11][12]. - China Aviation Group Finance Co. has total assets of 23.92 billion and a net profit of 0.054 billion for 2024 [13]. - Zhejiang Cainiao has total assets of 48.86 billion and a net profit of 1.41 billion for 2024 [13]. Group 3: Transaction Details and Pricing Basis - The Company has established a framework agreement with China Aviation Group for real estate leasing and ground services, effective from January 1, 2025, to December 31, 2027 [15][18]. - Pricing for ground services is determined through a process that includes government pricing, market comparison, and cost-plus pricing [16][19]. - The framework agreement with Air China includes exclusive cargo operations and real estate leasing, also effective from January 1, 2025, to December 31, 2027 [18][19]. Group 4: Impact and Compliance - The related transactions are necessary for the Company's daily operations and are conducted under normal business terms, ensuring fair pricing and compliance with regulations [28][29]. - The independent directors have unanimously agreed to the expected related transactions, confirming that they do not harm the interests of the Company or its shareholders [29][30].