MinMetals Development: Intends to renew agreement with financial company, deposit limit of 370 million yuan.

date
22/12/2025
Minmetals Development announced that it plans to renew the "Financial Services Agreement" with Minmetals Group Finance Limited Liability Company, with a validity period from January 1, 2026 to December 31, 2026. This transaction constitutes a related party transaction and is within the approval authority of the board of directors. In terms of transaction limits, the maximum daily deposit balance and interest are 370 million yuan, and the maximum daily loan balance is 10 billion yuan. The deposit interest rate shall not be lower than the general deposit interest rate of the major commercial banks for the same period, and the loan interest rate shall refer to the LPR, not higher than the interest rates for similar transactions offered by other companies in the same industry and Minmetals Finance Company. In addition, the financial data of Minmetals Finance Company in recent years were disclosed, with total assets of 56.824 billion yuan, operating income of 2.86 billion yuan, and net profit of 1.35 billion yuan as of September 30, 2025.