On 4 December 2024, Tianjin Hengtong, an indirect wholly-owned subsidiary of Yixin Group, signed a renewal of the Promotion Services Framework Agreement with Tencent Computers, which will take effect from 1 January 2025 for a period of three years. The purpose of this agreement is to provide advertising and marketing services through the Tencent platform to promote Tianjin Hengtung's financial products. Pursuant to Chapter 14A of the Listing Rules, the transaction constitutes a continuing connected transaction and is subject to the reporting, annual review and announcement requirements.The annual limit for renewing the Promotion Services Framework Agreement is RMB20 million to RMB40 million, the same as the existing agreement. The cap, based on Tencent's large user base and its influence in Chinese Internet users...Show More

On 4 December 2024, Tianjin Hengtong, an indirect wholly-owned subsidiary of Yixin Group, signed a renewal of the Promotion Services Framework Agreement with Tencent Computers, which will take effect from 1 January 2025 for a period of three years. The purpose of this agreement is to provide advertising and marketing services through the Tencent platform to promote Tianjin Hengtung's financial products. Pursuant to Chapter 14A of the Listing Rules, the transaction constitutes a continuing connected transaction and is subject to the reporting, annual review and announcement requirements.The annual limit for renewing the Promotion Services Framework Agreement is RMB20 million to RMB40 million, the same as the existing agreement. The cap, based on Tencent's large user base and its influence in Chinese Internet users, is expected to attract more consumers to Yixin Group's products and services, thereby expanding its customer base and driving business growth. The Board considers that long-term cooperation with the Tencent Group is essential to the success of the Group's business.In terms of internal control, Yixin Group will regularly check the pricing of the agreement and subsequent agreements to ensure that the transaction complies with the pricing terms. The Departments of Legal Affairs and Compliance and the Department of Financial Management will review the terms of the agreement and report the transaction amount monthly to ensure control is within the annual limit. Independent non-executive directors and external auditors will review the implementation of the continuing connected transaction on an annual basis.