Securities Code: 001914 Securities Abbreviation: China Merchants Real Estate Announcement No.: 2026-08
Announcement on Related Party Transaction of Entrusting Idle Self-Owned Funds for Wealth Management with China Merchants Bank
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the disclosed information, and that there are no false representations, misleading statements, or material omissions.
Key Information Highlights:
- Investment Type: Wealth management products of China Merchants Bank Co., Ltd. (hereinafter referred to as "China Merchants Bank"), including structured deposits and other wealth management products with high safety, good liquidity, and relatively high investment returns.
- Investment Amount and Duration: China Merchants Real Estate Industry Operation Services Co., Ltd. (including its consolidated subsidiaries, hereinafter referred to as the "Company") will use no more than RMB 250 million of temporarily idle self-owned funds for wealth management. The total amount can be rolled over and used within 12 months from the date of approval by the Board of Directors. During the validity period of the quota, the investment amount at any point in time (including amounts reinvested with wealth management investment income) shall not exceed the aforementioned investment amount.
- Special Risk Warning: Financial markets are significantly affected by macroeconomic conditions, policy risks, market risks, liquidity risks, and other risk factors. Investment returns are uncertain. Investors are advised to pay attention to investment risks.
I. Overview of Related Party Transaction Matters
To further improve the efficiency of using temporarily idle self-owned funds and increase fund returns, the Company plans to use a portion of its temporarily idle self-owned funds for wealth management with China Merchants Bank, ensuring normal operating fund needs and capital security. The total amount will not exceed RMB 250 million, and the investment period will be within 12 months from the date of approval by the Board of Directors. The Company can use this amount on a rolling basis within the quota and period. The Board of Directors authorizes the General Manager to handle the entrusted wealth management matters and sign relevant contracts and documents within the approved quota and period.
Mr. Miao Jianmin, Chairman of China Merchants Group Co., Ltd., the actual controller of the Company, also serves as the Chairman of China Merchants Bank. Therefore, China Merchants Bank is a related legal person of the Company, and the Company's wealth management 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 Using Temporarily Idle Self-Owned Funds for Wealth Management with China Merchants Bank" (5 votes in favor, 0 votes against, 0 abstentions). Related directors Lv Bin, Chen Zhiheng, Huang Jian, Yuan Fei, Zhao Xiao, and Li Chaohui recused themselves from voting. Non-related directors Yang Lei, KAREN LAI, Zou Pingxue, Song Jingxian, and Zhang Bohui voted on this proposal. Before submission to the Company's Board of Directors, this proposal was reviewed and unanimously approved by the Third Meeting of the Board Audit Committee in 2026 and the First Meeting of the Independent Directors' Special Committee in 2026, and was submitted to the Board of Directors for deliberation.
This related party transaction does not require submission to the Company's shareholders' meeting for deliberation, 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. Entrusted Wealth Management Matters
- Investment Objective To further improve the efficiency of using temporarily idle self-owned funds and increase fund returns.