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China Minsheng Banking Corp expands Dajia Life Insurance deal

May 30, 2025 at 05:01 PM UTCBy FilingReader AI

China Minsheng Banking Corp (HKEX:1988) is set to continue its business cooperation framework agreement with Dajia Life Insurance Co., Ltd. for the agency sales of financial products. Dajia Life Insurance holds 17.84% of China Minsheng, making it a substantial shareholder and the transactions continuing connected transactions under Hong Kong Listing Rules. The new agreement will be effective from June 9, 2025, to June 8, 2027, and service fees payable to China Minsheng are capped at RMB150 million for the period ending December 31, 2025, RMB250 million for the year ending December 31, 2026, and RMB150 million for the period from January 1, 2027, to June 8, 2027.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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