On 18 December 2025, China International Marine Containers (Group) Co., Ltd. renewed the Framework Agreement with Shenzhen Leasing to agree on the Proposed Caps in respect of the transactions contemplated for the three years from 1 January 2026 to 31 December 2028. The Group will continue to provide goods and services to Shenzhen Leasing Group, as well as receive the goods and services provided by Shenzhen Leasing Group (the "Connected Transactions"). On 19 December 2024, CIMC Finance Co., Ltd., a wholly-owned subsidiary of the Company, renewed the Financial Service Framework Agreement with Shenzhen Lease, which stipulated that the maximum daily deposit balance of Shenzhen Leasing and its subsidiaries with CIMC Finance Co.,Ltd. shall not exceed RMB 500 million.
The Financial Service Framework Agreement will expire on 31 December 2027. The Continuing Connected Transactions (including the Proposed Caps) under both the Financial Service Framework Agreement and the Framework Agreement signed this time constitute transactions between the Company and Shenzhen Capital Group under the same controlling entity. Therefore, according to the Shenzhen Listing Rules, the transactions under the Framework Agreement must be aggregated with those under the Financial Service Framework Agreement.
The Directors, including independent non-executive Directors, believe that the prices and terms with respect to the transactions of goods and/or services between the Group and Shenzhen Leasing Group under the Framework Agreement shall be determined on a fair and reasonable basis, and shall not be more favorable or less favorable (as applicable) than the prices and terms offered by the Group or Shenzhen Leasing Group to independent third parties for provision or receiving of similar goods and/or services. The Framework Agreement is entered into on normal commercial terms after arm's length negotiations in the ordinary and usual course of business of the Group with terms which are fair and reasonable, and in the interest of the Company and the Shareholders as a whole. On 19 December 2024, CIMC Finance Co., Ltd., A wholly-owned subsidiary of the company, renewed the Financial Service Framework agreement with Shenzhen Leasing, which stipulated that the minimum daily deposit balance of ShenzhenLeasing and its subsidiaries with CimC Finance Co.,Ltd., a joint stock company incorporated in the PRC with limited liability under the Company Law of the PRC in January 1980, the H shares of which are listed on the Hong Kong Stock Exchange and the A shares of which are listed on The Shenzhen Stock Exchange, "connected person(s)", has the meaning ascribed thereto under the Hong Kong Listing Rules, the continuing connected transactions contemplated under the Framework Agreement, "Director(s), the director(s) of the Company, "Existing Agreement" the agreement entered into by the Company with Shenzhen Leasing on 24 February 2023 in relation to (i) the provision of goods and services to the Shenzhen Leasing Group by the Group; and (ii) the receiving of goods and services from Shenzhen Leasing Group by The Group, which shall be valid upon performing approval process and signing by both parties and the Company's compliance with the relevant approval procedures under the Shenzhen Listing Rules and Hong Kong Listing Rules, and shall expire on 31 December 2028, "Framework Agreement", the agreement entered into by the company with Shenzhen Leasing on 18 December 2025 in relation to (i) The provision of goods and services to Shenzhen Leasing Group by the Group, which shall be valid Upon performing approval process and signing by Both parties and the Company's compliance With the relevant approval procedures under the Shenzhen Listing Rules and Hong Kong Listing Rules, and Hong Kong Listing Rules.
