CHINA JINMAO (00817) subsidiary Shanghai Qinmaojia enters into a framework agreement with its shareholders Xi'an Baomao and Qin Ruijia in Shanghai.

CHINA JINMAO (00817) announced that on November 28, 2025, its indirect non-wholly owned subsidiary, Shanghai Qimaojia, has entered into a framework agreement with its shareholders Xi'an Baomao and Qin Ruijia Shanghai. Shanghai Qimaojia agreed to provide loans to Xi'an Baomao and Qin Ruijia Shanghai (or their designated entities) in accordance with their respective shareholding ratios and under the same terms and conditions. During the effective period of the framework agreement, the maximum daily balance of loans provided by Shanghai Qimaojia to Qin Ruijia Shanghai (including accrued interest) is expected to be RMB 10.32 billion. Shanghai Qimaojia has good sales performance, sufficient sales receipts, and the directors believe that providing loans to its shareholders can reduce idle cash balances, maximize the use of funds, allocate resources reasonably, improve the capital utilization rate, and meet the development and financial needs of other projects within the group. The amount of loans provided by Shanghai Qimaojia to Xi'an Baomao and Qin Ruijia Shanghai (or their designated entities) will be proportional to their respective shareholding in Shanghai Qimaojia, and other terms and conditions of the loan transactions will be the same. To ensure that the terms and conditions of the loans apply equally to Xi'an Baomao and Qin Ruijia Shanghai, the financial capital department of the company will work with Shanghai Qimaojia to determine the amount and term of the loans based on its financial condition. Subsequently, the specific loan agreements entered into by Shanghai Qimaojia and the parties will be submitted to the company's audit legal department to ensure that these agreements are executed in accordance with the framework agreement.