Fosun (00656) signed a comprehensive strategic cooperation agreement with China Minsheng Banking Corp., Ltd. to work together for long-term stability, mutual benefit, and win-win cooperation.

On February 25, 2025, Shanghai Fosun High-Tech (Group) Co., Ltd. signed a comprehensive strategic cooperation agreement with China Minsheng Banking Corp., Ltd. The two parties will leverage their respective strengths to further establish a forward-looking comprehensive strategic partnership and work together to achieve long-term stable mutual benefits. Witnessed by Guo Guangchang, Chairman of Fosun International (00656), and Wang Xiaoyong, President of China Minsheng Banking Corp., Ltd., Zhang Houlin, Senior Vice President and Co-Chief Financial Officer of Fosun International, and Shi Jie, Vice President of China Minsheng Banking Corp., Ltd., signed on behalf of both parties. According to the agreement, the two parties will engage in comprehensive cooperation in areas such as financing and credit, investment banking, international settlement and cross-border finance, fund management, personal finance, eco-platform construction, supply chain finance, etc. In the discussion before the signing ceremony, the two parties reviewed the major achievements of their previous cooperation, looked forward to future cooperation opportunities, and delved into the next steps of their cooperation action plan. Wang Xiaoyong stated that in hindsight, the cooperation between China Minsheng Banking Corp., Ltd. and Fosun has achieved fruitful results. In the future, there is broad cooperation space in corporate finance, comprehensive service development for the base customer group on the chain, etc. With this signing, the two parties propose to strengthen strategic coordination in banking basic services, supply chain, and mutual equity system construction, seek stability while progressing, further enhance comprehensive strategic cooperation, and effectively promote both parties to achieve high-quality development. Guo Guangchang expressed that as an innovation-driven global family consumer industry group, Fosun has been continuously promoting its focused main business strategy in recent years. With the support of a deep industrial layout in more than 35 countries and regions globally, each business sector has achieved stable development. This cooperation with China Minsheng Banking Corp., Ltd. comprehensively deepens the multi-field cooperation between the two parties, further broadening the financial support for Fosun's industrial ecology, which will help Fosun achieve greater development under the core drive of innovation and globalization.