Securities Code: 002302 Securities Abbreviation: West Construction Announcement No.: 2026-018 CHINA WEST CONSTRUCTION GROUP CO.,LTD Announcement on Signing Financial Services Agreement and Related Party Transaction with China West Construction Finance Co., Ltd. The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
I. Overview of Related Party Transaction
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Basic Situation of Related Party Transaction On April 2, 2025, and May 16, 2025, China West Construction Group Co., Ltd. (hereinafter referred to as the "Company" or "Party A") held the 17th meeting of the 8th Board of Directors and the 2024 Annual Shareholders' Meeting, respectively, and deliberated and passed the "Proposal on Signing the Financial Services Agreement and Related Party Transaction with China West Construction Finance Co., Ltd." The Company agreed to sign the "Financial Services Agreement" with China West Construction Finance Co., Ltd. (hereinafter referred to as "China West Construction Finance" or "Party B"), whereby China West Construction Finance will provide Party A (including its controlled enterprises) with deposit, credit, settlement, and other financial services within its business scope. For details, please refer to the "Announcement on Signing the Financial Services Agreement and Related Party Transaction with China West Construction Finance Co., Ltd." disclosed by the Company on April 3, 2025, in the Securities Times, Shanghai Securities News, China Securities Journal, and on the Juchao Information Network (www.cninfo.com.cn). As the aforementioned agreement is about to expire, to ensure the Company's daily operations and fund management, the Company plans to renew the "Financial Services Agreement" with China West Construction Finance, continuing to provide deposit, credit, settlement, and other financial services to the Company (including its controlled enterprises). According to the agreement, the daily maximum deposit balance (including accrued interest) that the Company (including its controlled enterprises) can maintain with China West Construction Finance shall not exceed RMB 3 billion. China West Construction Finance will provide the Company (including its controlled enterprises) with a comprehensive credit line of RMB 15 billion. The Company can use this credit line to handle loans, bill business, factoring, guarantees, and other financial services.
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Explanation of Related Party Relationship China West Construction Finance is a subsidiary controlled by China Construction Group Co., Ltd., the Company's actual controller. As both are controlled by the same actual controller, it falls under the definition of a related party relationship as stipulated in Article 6.3.3 of the "Listing Rules of the Shenzhen Stock Exchange." Therefore, this transaction constitutes a related party transaction for the Company.