Shenma Industrial announced that the company intends to renew the Financial Services Framework Agreement with China Pingmei Shenma Group Finance Co., Ltd., which will be valid for three years. This transaction constitutes a related-party transaction because the company holds 14% equity as a shareholder of the finance company, and the controlling shareholder of the finance company and the company are both China Pingmei Shenma Holding Group Co., Ltd. According to the agreement, the finance company will provide the company with a series of financial services, including deposits, settlement, loans, bills, guarantees, financial advisory, etc. The company stated that this renewal of the agreement is conducive to expanding financing channels, improving the efficiency of fund utilization, and reducing financial costs.
神马股份：与中国平煤神马集团财务有限责任公司续签金融服务框架协议
Shenma Industrial: Renewed the financial services framework agreement with China Pingmei Shenma Group Finance Co., Ltd.
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