Hangzhou SF Intra-city Industrial (HKG:9699) agreed to engage SF Holding Group Finance for the provision of financial services for a term of three years, a Tuesday Hong Kong bourse filing said.
The financial services include deposit and related services, and settlement services. The term of the financial services framework agreement starts on Jan. 1, 2025, and expires on Dec. 31, 2027.
Under the proposed annual caps for the provision of deposit services, the maximum daily balance of the deposits to be placed by the SF Intra-city Group with SF Finance is set at 1 billion yuan for each of the three years.
The maximum cap of interest income to be received by the SF Intra-city Group from SF Finance is set at 13.5 million yuan for each of the three years.
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