Jinmao of China signed a Supplementary Agreement with Neutralized Finance on March 15, 2024, amending the terms of the original Neutralization Financial Services Framework Agreement and extending its validity to December 31, 2026. The move is aimed at meeting the Group's potential business growth and demand for deposit services, and suggests revising the maximum deposit balance per day per year. Neutralization Finance is a China-based affiliate holding approximately 37.09% of China's Jinmao shares. Under the Listing Rules, the transaction constitutes a continuing connected transaction subject to filings, announcements, annual reviews, circulars and independent shareholder approval. The Company will hold an Extraordinary General Meeting on or before April 10, 2024 to seek independent shareholders' approval of the supplemental agreement and amendment of the deposit balance...Show More

Jinmao of China signed a Supplementary Agreement with Neutralized Finance on March 15, 2024, amending the terms of the original Neutralization Financial Services Framework Agreement and extending its validity to December 31, 2026. The move is aimed at meeting the Group's potential business growth and demand for deposit services, and suggests revising the maximum deposit balance per day per year. Neutralization Finance is a China-based affiliate holding approximately 37.09% of China's Jinmao shares. Under the Listing Rules, the transaction constitutes a continuing connected transaction subject to filings, announcements, annual reviews, circulars and independent shareholder approval. The Company will hold an Extraordinary General Meeting on or before April 10, 2024 to seek independent shareholders' approval of the supplemental agreement and amendment of the deposit balance. Financial services offered by Neutral Finance include deposits, loans, settlements, etc., and match or better market conditions. China Jinmao believes that the transaction with Neutralized Finance will not have a significant impact on the company's profits, assets and liabilities and will help to optimize the capital structure and improve the efficiency of the use of funds.