CHTC FONG'S INT(00641) signed a financial service framework agreement with China National Machinery Financial Leasing Co., Ltd.

CHTC FONG'S INT (00641) announced that on January 9, 2025, the company entered into a financial services framework agreement with National Machinery Finance. The agreement involves National Machinery Finance providing financial services to the group. The financial services framework agreement will be valid for a period not exceeding 3 years from the date of approval by the independent shareholders' meeting and will expire on December 31, 2027. According to the financial services framework agreement, National Machinery Finance may provide the following financial services to the group: (a) deposit services: accepting deposits in local and foreign currencies; (b) loan services: providing loans, bill acceptance and discounting, guarantees and letters of credit; and (c) other financial services: providing settlement services, foreign exchange services, entrusted loans, bond underwriting, financial consulting, credit verification, advisory services, and other services approved by the China Banking and Insurance Regulatory Commission. National Machinery Finance is a non-banking financial institution established with the approval of the Banking Regulatory Commission of China, and has the qualifications to provide financial services. According to the group's understanding, its operations are safe and stable for the members of the National Machinery Group, and it has a good performance record.