Core Viewpoint - CITIC Limited (00267) announced a plan to engage in non-recourse accounts receivable factoring with commercial banks and financial institutions to accelerate capital turnover, improve capital efficiency, enhance asset structure, and reduce accounts receivable risk [1] Group 1 - The total amount for the factoring business is capped at RMB 400 million, including the principal [1] - The validity period for this amount is 12 months from the date of approval by the board of directors [1] - The specific duration for each factoring transaction will be determined by the terms of individual factoring contracts [1]

Core Viewpoint - The company plans to initiate a non-recourse accounts receivable factoring business with a maximum amount of 1 billion yuan, which is aimed at improving asset liquidity and cash flow [1] Group 1: Business Details - The board of directors will convene on December 15, 2025, to approve the proposal for the factoring business [1] - The business amount will not exceed 1 billion yuan and the limit is reusable [1] - The duration of the agreement will be effective for several months after board approval, with individual contracts not exceeding several months [1] Group 2: Financial Institutions and Terms - The cooperation will involve domestic commercial banks and other financial institutions, with fee rates to be negotiated [1] - This business does not constitute a related party transaction or a major asset restructuring [1] - The proposal has been approved by the board of directors and does not require shareholder meeting approval [1]