Core Viewpoint - The company intends to sign a Financial Service Agreement with Lu'an Group Finance Co., Ltd. to optimize financial management, improve fund utilization efficiency, and reduce financing costs [2][5]. Summary by Sections 1. Overview of Related Transactions - The proposed Financial Service Agreement will allow Lu'an Finance Co. to provide deposit, credit, settlement, and other financial services to the company and its subsidiaries [5]. - The agreement will be effective for 12 months upon approval by the shareholders' meeting [5]. - The controlling shareholder of the company and Lu'an Finance Co. are both controlled by Shanxi Lu'an Mining (Group) Co., Ltd., making this a related transaction [3][5]. 2. Financial Services Details - The financial services include: 1. Settlement services with no handling fees for internal transfers [9]. 2. Deposit services with a maximum balance of RMB 3 billion, with interest rates not lower than those of major domestic banks [9]. 3. Credit services with a daily average credit limit of RMB 2 billion, with loan rates not exceeding those of major domestic banks [9]. 4. Bill services including acceptance, discounting, and pledge financing, with fees and rates not exceeding those of major domestic banks [10]. 5. Entrusted loan services with a maximum fee rate of 1.5% [10]. 6. Other financial advisory and consulting services with fees not exceeding those of third-party services [10]. 3. Transaction Limits - The company has set limits for financial services transactions with Lu'an Finance Co. to ensure financial control and transaction rationality, including a maximum deposit balance of RMB 3 billion and a daily average loan limit of RMB 2 billion [11]. 4. Purpose and Impact of the Related Transaction - The transaction aims to enhance the company's financial management, improve fund utilization efficiency, and lower financing costs without harming the interests of the company or its shareholders, particularly minority shareholders [18]. - The company’s main revenue and profit sources are not dependent on this related transaction, ensuring its independence [18]. 5. Approval Process for the Related Transaction - The transaction was approved by the company's board of directors with unanimous consent, and the related shareholders will abstain from voting at the shareholders' meeting [19][20].

Core Viewpoint - The company has renewed its financial services agreement with Fosun Finance Company, extending the service period from January 1, 2026, to December 31, 2028, to continue receiving non-exclusive financial services including comprehensive credit, deposits, and settlement [1][3][14] Summary by Relevant Sections Financial Services Agreement Overview - The new financial services agreement was signed on August 26, 2025, due to the expiration of the previous agreement, which was effective from January 1, 2023, to December 31, 2025 [1][3] - The agreement includes services such as comprehensive credit, deposits, and settlement, with a service period of three years [3][11] Related Party Transactions - Fosun Finance Company is considered a related party as it shares the same controlling shareholder, Fosun High Technology, with the company [1][4] - The renewal of the financial services agreement is classified as a related party transaction and requires approval from the company's shareholders [2][5] Purpose and Impact of Related Transactions - The agreement aims to enhance the efficiency of fund utilization, control financing costs, reduce financing risks, and improve deposit returns while ensuring that the interests of the company and minority shareholders are not compromised [2][12] - The fee standards for services provided will be equal to or better than those offered by other domestic financial institutions [2][12] Financial Projections and Limits - The expected transaction categories and annual limits under the new agreement include a daily maximum credit limit of RMB 200 million and a daily maximum deposit limit of RMB 200 million [4][9] - The company plans to apply for a maximum comprehensive credit limit of RMB 2 billion during the service period [8][9] Governance and Compliance - The renewal of the financial services agreement was approved by the board of directors, with related directors abstaining from the vote [5][6] - Fosun Finance Company is committed to maintaining operational compliance and ensuring the safety of funds deposited by the company [12][13]

Core Viewpoint - The document outlines the management system for related party transactions between Jiangsu New Energy Development Co., Ltd. and Jiangsu Guoxin Group Financial Co., Ltd., emphasizing compliance with relevant laws and regulations while ensuring the safety and independence of the company's financial assets [1][2]. Group 1: Regulatory Framework - The company must adhere to the Company Law of the People's Republic of China and other relevant regulations when engaging in financial transactions with Guoxin Financial Company [1]. - The company is prohibited from conducting financial transactions with any group financial company not approved by the National Financial Supervision Administration [2]. Group 2: Transaction Guidelines - Financial transactions such as deposits and loans must follow a voluntary principle and require a systematic risk prevention mechanism to safeguard the company's funds [2][5]. - A financial service agreement must be signed for any financial transactions, detailing the terms, transaction types, expected limits, pricing, and risk control measures [3]. Group 3: Disclosure and Reporting - The company is required to disclose expected business conditions annually, including maximum deposit limits, loan amounts, and total credit limits [3][4]. - Continuous disclosure of related party transactions involving Guoxin Financial Company must be included in regular reports, with a risk assessment report submitted alongside annual reports [5][6]. Group 4: Risk Management - The company must develop a risk disposal plan to address potential risks affecting the safety of deposited funds, with clear responsibilities assigned [4]. - An annual special report from the auditing firm regarding related party transactions must be submitted, detailing the amounts and balances of deposits and loans [6].