Jinwu Financial News | Nanjing Panda Electronics Co., Ltd. (00553) saw its stock price fluctuate higher in the morning, reaching HKD 4.2 at the time of writing, a 20% increase, with a turnover of HKD 0.228 billion.

The company announced a continuing related party transaction, which mentioned that it has renewed its continuing related party transactions and annual caps for the years 2025-2027 with China Electronics Corporation, China Electronics Panda Group, and the finance company. These transactions will include subcontracting services, sales of materials and components, and aim to provide stable income sources for the company and enhance the visibility of the 'Panda' brand.

The announcement detailed the annual caps for various continuing related party transactions, specifically including: the annual cap for providing subcontracting and comprehensive services to China Electronics Corporation is set at RMB 0.1 billion, the annual cap for sales of materials and components is RMB 0.5 billion, and the annual cap for purchasing materials and components is RMB 50 million, among others. Additionally, the cap on the fund settlement balance provided by the finance company to the group is RMB 0.7 billion, with a comprehensive credit line limit of RMB 0.8 billion, and the cap on fees for other financing business is RMB 2 million.