Securities Code: 001914 Securities Abbreviation: Zhaoshang Jiyu Announcement Number: 2026-06
China Merchants Real Estate Industrial Operations Services Co., Ltd. Announcement on Related Party Transactions for Deposit and Loan Business with China Merchants Bank in 2026
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of this announcement, and that there are no false records, misleading statements, or material omissions.
I. Overview of Related Party Transaction Matters
China Merchants Real Estate Industrial Operations Services Co., Ltd. (including its consolidated subsidiaries, hereinafter referred to as "the Company") has opened bank accounts and conducted deposit, loan, and other related businesses with China Merchants Bank Co., Ltd. (hereinafter referred to as "China Merchants Bank"). In 2026, the Company plans to have a maximum deposit balance of RMB 5 billion and a maximum credit balance of RMB 2 billion with China Merchants Bank.
The Company's deposit and loan business with China Merchants Bank will follow market-based pricing principles. The deposit interest rate will not be lower than the benchmark deposit rate for the same period, and the loan interest rate will not be higher than the benchmark loan rate for the same period or the market-oriented interest rate under similar conditions. Fees charged for services will be collected in accordance with the relevant regulations of the People's Bank of China.
Since the actual controller of the Company, Mr. Miao Jianmin, Chairman of China Merchants Group Co., Ltd., also serves as the Chairman of China Merchants Bank, the deposit and loan business conducted by the Company with China Merchants Bank constitutes a related party transaction for the Company.
On March 12, 2026, the fourth meeting of the eleventh Board of Directors of the Company deliberated and approved the "Proposal on Conducting Deposit and Loan Business with China Merchants Bank in 2026" (5 votes in favor, 0 votes against, 0 abstentions). Related directors Lv Bin, Chen Zhiheng, Huang Jian, Yuan Fei, Zhao Xiao, and Li Zhaohui recused themselves from voting on this proposal. The vote was conducted by independent directors Yang Lei, Karen Lai (Li Ming'er), Zou Pingxue, Song Jingxian, and Zhang Bohui. Prior to submission to the Company's Board of Directors for deliberation, this proposal was unanimously approved by the third meeting of the Board's Audit Committee in 2026 and the first meeting of the Independent Directors' Special Committee in 2026, and was agreed to be submitted to the Board of Directors for deliberation.
This related party transaction needs to be submitted to the Company's shareholders' meeting for deliberation, but it does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies" and does not require approval from relevant authorities.
II. Introduction of Related Parties
- Basic Information
Enterprise Name: China Merchants Bank Co., Ltd. Registered Address: China Merchants Bank Tower, 7088 Shennan Avenue, Futian District, Shenzhen