Summary by Futu AI
China Energy Construction Co., Ltd. (abbreviated as China Energy Construction) and its holding company China Energy Construction Group Finance Limited (abbreviated as Finance Corporation) signed the “Financial Services Framework Agreement 2021-2023” and was approved by the company's general meeting on December 29, 2020. The content of the agreement includes the term of service, the content of the transaction, the pricing policy, etc., and sets the maximum amount of the transaction. In 2023, the financial company had a maximum daily balance of RMB39.57 billion and other financial services charges of RMB5.50 million for the Nogyo Group and its subsidiaries. As of December 31, 2023, Ni Kan Group and its subsidiaries had a balance of HK$24.87 and a loan balance of R$32.62 in the financial company. China Construction assessed the financial firms' operating qualifications, business and risk situation. It concluded that there were no significant deficiencies in the risk management of financial companies and no risk problems in financial activities such as deposit loans.