Core Viewpoint - The company held its 25th meeting of the 7th Board of Directors on December 5, 2025, where several proposals regarding expected related party transactions for 2026 were approved, which will be submitted for shareholder approval [1][2][3]. Summary by Sections Related Party Transactions - The company anticipates related party transactions for 2026, including: - Up to RMB 600 million for ship repairs with China Merchants Industry Holdings [2][3]. - Up to RMB 6 billion for oil transportation with Sinopec Group [3]. - Up to RMB 2 billion for material supply and equipment agency with China Merchants Haitong Trading [3]. - Up to RMB 400 million for crew management with Guangzhou Haishun Maritime Service [3]. - Up to RMB 200 million for freight and rental services with China Foreign Trade and Transportation Group [3]. - Up to RMB 1.8 billion for various services with other related parties [5][3]. Financial Transactions with China Merchants Bank - The company plans to engage in deposit and loan transactions with China Merchants Bank from January 1 to December 31, 2026, with a maximum deposit balance of RMB 5 billion and a maximum credit balance of RMB 7 billion [9][63]. Board and Independent Director Approval - The proposals were approved with unanimous votes from the board members present, with related directors abstaining from voting on their respective proposals [6][10][38]. - Independent directors held a special meeting prior to the board meeting to review and agree on the expected related party transactions [7][38]. Shareholder Meeting - The proposals will be presented at the upcoming shareholder meeting scheduled for December 29, 2025, where related shareholders will abstain from voting on relevant proposals [18][49].

Core Viewpoint - The report summarizes the financial transactions between CIMC Vehicles (Group) Co., Ltd. and CIMC Financial Co., Ltd. for the year 2024, including deposits and loans, and confirms the accuracy and completeness of the financial information presented in the summary table [1][2]. Group 1: Financial Overview - The report includes a summary table detailing the financial transactions between CIMC Vehicles and CIMC Financial, highlighting the amounts involved in deposits and loans for the year 2024 [6][9]. - The total deposits at CIMC Financial at the beginning of the year were 668.55 million RMB, with an increase of 1,071.72 million RMB and a decrease of 1,117.92 million RMB, resulting in an ending balance of 206.46 million RMB [8]. - The company borrowed a total of 120.95 million RMB from CIMC Financial, with an increase of 47.06 million RMB and a decrease of 131.67 million RMB, leading to an ending balance of 36.34 million RMB [8]. Group 2: Agreements and Frameworks - CIMC Vehicles entered into a deposit service framework agreement with CIMC Financial on September 29, 2021, which was renewed on December 20, 2024, extending its validity until December 31, 2027 [9]. - The loan financial service framework agreement was established on April 26, 2022, and was also renewed on December 20, 2024, valid until December 31, 2027 [9][10]. - The interest rates for deposits and loans are stated to be competitive with those offered by other financial institutions under similar conditions [9][10].