CHINA JINMAO (00817) announced that on August 27, 2025, Beijing Zhaoxing, an indirect non-wholly owned subsidiary of the company, entered into a framework agreement with its shareholders Fangxing Yicheng, Shanghai Jianfa and Fuzhou Yucheng. Under this agreement, Beijing Zhaoxing has agreed to provide loans to Fangxing Yicheng, Shanghai Jianfa and Fuzhou Yucheng (or their respective designated entities) in accordance with their respective shareholding ratios and under the same terms and conditions.

It is expected that during the effective period of the framework agreement, the maximum daily outstanding balance (including accrued interest) of loans provided by Beijing Zhaoxing to Shanghai Jianfa and Fuzhou Yucheng will be RMB 1,956.71 million and RMB 1,621.274 million respectively.

The directors believe that this transaction is conducted on normal commercial terms in the group's ordinary course of business, is fair and reasonable, and is in the overall interests of the company and its shareholders.