COFCO Capital Holdings Co., Ltd. Risk Assessment Report on COFCO Finance Co., Ltd. (As of December 31, 2025)
COFCO Capital Holdings Co., Ltd. (hereinafter referred to as the "Company") has reviewed the "Financial Permit of the People's Republic of China" and "Enterprise Legal Person Business License" and other supporting documents of COFCO Finance Co., Ltd. (hereinafter referred to as "COFCO Finance Company") and assessed its business qualifications, operations, and risk status. The relevant risk assessment report is hereby submitted:
I. Basic Information of COFCO Finance Company
COFCO Finance Co., Ltd. was approved by the People's Bank of China's document Yin Fu [2001] No. 206, and was established and registered with the State Administration for Industry and Commerce on September 24, 2002, obtaining a unified social credit code of 91110000710930245D for its Enterprise Legal Person Business License. On August 4, 2021, it was reissued a new "Financial Permit" by the Beijing Regulatory Bureau of the China Banking Regulatory Commission. On April 20, 2023, due to an increase in registered capital, a new business license was reissued. The registered address of COFCO Finance Company is: 19th Floor, COFCO Fortune Plaza, No. 8 Chaoyangmen South Street, Chaoyang District, Beijing. The legal representative is Ye Huiqing.
The current equity structure of COFCO Finance Company is as follows:
| Shareholder Name | Registered Capital (RMB) | Shareholding Ratio (%) |
|---|---|---|
| COFCO Corporation | 2,093,590,000.00 | 83.7436 |
| COFCO Trading Co., Ltd. | 325,000,000.00 | 13.00 |
| COFCO Capital Investment Co., Ltd. | 81,410,000.00 | 3.2564 |
| Total | 2,500,000,000.00 | 100.00 |
The business scope of COFCO Finance Company includes: providing financial and financing advisory and agency services to member units; assisting member units in settling transaction amounts; providing guarantees for member units; handling entrusted loans and entrusted investments between member units; handling inter-account transfers and related settlement and clearing plan design for member units; accepting deposits from member units; handling loans and financial leasing for member units; interbank lending; issuing financial company bonds with approval; underwriting corporate bonds of member units; investing in financial institutions; investing in marketable securities; and other businesses approved by the China Banking Regulatory Commission. (Projects subject to approval according to law can only be carried out after approval by the relevant authorities.) (Market entities shall independently choose their business projects and carry out business activities; projects subject to approval according to law can only be carried out after approval by the relevant authorities and in accordance with the approved content; projects prohibited or restricted by national and local industrial policies shall not be engaged in.)
COFCO Finance Company is a non-bank financial institution, mainly providing financial services to member units of COFCO Corporation.
II. Basic Situation of Internal Control of COFCO Finance Company
(I) Control Environment
COFCO Finance Company operates under a general manager responsibility system led by the board of directors. COFCO Finance Company has established a shareholders' meeting, a board of directors, and a supervisory board in accordance with the provisions of the "Articles of Association of COFCO Finance Co., Ltd." It has clearly defined the responsibilities of the board of directors and its members, the supervisory board and its members, and the general manager and senior management in internal control, establishing a corporate governance structure where the shareholders' meeting, board of directors, supervisory board, and general management are each responsible, operate in a standardized manner, and mutually restrain each other.