CITIC Metal Co., Ltd. announced the estimated amount for routine related-party transactions for the year 2025, totaling 437.8004 billion yuan, a significant increase compared to the actual amount of 188.691 billion yuan from January to October 2024. The main types of transactions include purchasing goods from related parties, selling goods, and providing services. The company stated that the increase in the estimated amount is mainly due to factors such as the characteristics of the CSI Commodity Equity Index trade industry, exchange rate fluctuations, and the expansion of business scale. Among them, the transaction amount with related parties such as CITIC Pacific Special Steel Group and CITIC Futures has been increased, and new transactions with Shanxi Huajin New Materials and other companies have been...Show More

CITIC Metal Co., Ltd. announced the estimated amount for routine related-party transactions for the year 2025, totaling 437.8004 billion yuan, a significant increase compared to the actual amount of 188.691 billion yuan from January to October 2024. The main types of transactions include purchasing goods from related parties, selling goods, and providing services. The company stated that the increase in the estimated amount is mainly due to factors such as the characteristics of the CSI Commodity Equity Index trade industry, exchange rate fluctuations, and the expansion of business scale. Among them, the transaction amount with related parties such as CITIC Pacific Special Steel Group and CITIC Futures has been increased, and new transactions with Shanxi Huajin New Materials and other companies have been added. The company emphasized that it will strictly control related-party transactions to ensure fair pricing. This estimated related-party transaction matter still needs to be submitted for deliberation at the company's shareholders' meeting. The company stated that the related transactions are necessary for daily operations, conducive to sustainable development and stable operations, and will not affect the company's independence or harm the interests of minority shareholders.