Stock Code: 002423 Stock Abbreviation: COFCO Capital Announcement No.: 2026-011 COFCO Capital Holdings Co., Ltd. Announcement on Related Party Transactions for Deposit and Loan Business with COFCO Finance Co., Ltd. by the Company and its Subsidiaries in 2026 The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
I. Overview of Related Party Transactions
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Based on the "Financial Services Agreement" signed between COFCO Capital Holdings Co., Ltd. (hereinafter referred to as the "Company") and COFCO Finance Co., Ltd. (hereinafter referred to as "COFCO Finance Company"), and on the principle of free deposit and withdrawal, COFCO Finance Company will provide deposit, credit, and other financial services to the Company and its subsidiaries.
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The daily maximum deposit balance of the Company and its subsidiaries with COFCO Finance Company, including interest, shall not exceed RMB 1.5 billion, and the daily maximum credit balance shall not exceed RMB 0.5 billion, with the term extending until the approval of the Company's annual general meeting of shareholders in the following year.
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When providing deposit services, COFCO Finance Company shall pay interest at a rate not lower than the deposit interest rate for the same period and category announced by the People's Bank of China. When providing loan services, COFCO Finance Company shall charge interest at a rate not higher than the loan interest rate for the same period and category obtained by the Company and its subsidiaries from major financial institutions in China.
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In accordance with the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange," the Company and COFCO Finance Company are related legal persons controlled by the same legal person, COFCO Group Co., Ltd. Therefore, the deposit and loan business conducted by the Company with COFCO Finance Company constitutes a related party transaction.
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The aforementioned related party transaction was deliberated and approved at the seventh meeting of the sixth Board of Directors of the Company on April 23, 2026. The independent directors of the Company held a special meeting of independent directors to conduct a pre-approval review of this related party transaction, and the Audit Committee of the Board of Directors pre-approved the matter and agreed to submit it to the Board of Directors for deliberation. This related party transaction is subject to approval by the Company's shareholders' meeting. COFCO Group Co., Ltd., a related shareholder with an interest in this related party transaction, will abstain from voting on this proposal at the shareholders' meeting.
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This related party transaction does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies," nor does it require approval from relevant departments such as the China Securities Regulatory Commission.
II. Introduction of Related Party