Shanghai Realway Capital Assets Management Co., Ltd. (1835) has disclosed that on 31 October 2025, its indirect subsidiary, Shenzhen Yuanhui Qichuang Technology Co., Ltd. (“Yuanhui Qichuang”), entered into a Consulting Management Services Framework Agreement with Shenzhen Xinhe Credit Management Co., Ltd. (“Xinhe Credit”). Under this arrangement, Yuanhui Qichuang is commissioned to provide consulting and management services related to the personal loans distressed assets of Xinhe Credit. The agreement runs until 31 December 2026.

Yuanhui Qichuang is owned 51% by Realway’s wholly owned subsidiary, Beijing Realway, with Xinhe Credit controlling the remaining 49%. This shareholding structure makes Xinhe Credit a connected person at the subsidiary level, classifying the transaction as a continuing connected transaction under the Listing Rules.

According to public disclosures, the annual caps for these services are set at RMB5 million for the year ending 31 December 2025 and RMB15 million for the year ending 31 December 2026. These caps are determined by factors such as the typical concentration of collections in early stages of distressed asset recovery and future development plans for personal loans distressed assets disposal.

The Board, including independent non-executive directors, has confirmed that the transaction terms are fair and on normal commercial terms, aligned with the Group’s ordinary course of business, and beneficial to the company and its shareholders as a whole. The arrangement is subject to annual review, reporting, and announcement requirements but exempt from the circular and shareholders’ approval requirements. All directors found no material interests requiring abstention from relevant Board voting.