CIMC Enric renews financial, sales, and procurement agreements through 2028

CIMC Enric Holdings Limited has announced the renewal of three significant continuing connected transactions with its controlling shareholder, CIMC, and CIMC Finance Company. The Financial Services Framework Agreement (2025), Master Sales Agreement (2025), and Master Procurement Agreement (2025) will commence on January 1, 2026, and expire on December 31, 2028. CIMC is a connected person, indirectly holding approximately 70.06% of CIMC Enric's shares, while CIMC Finance Company is a wholly-owned subsidiary of CIMC.

Under the renewed Financial Services Framework Agreement (2025), the proposed annual caps for the maximum daily outstanding balance of deposits are RMB3,500,000 for each of the years ending December 31, 2026, 2027, and 2028. This represents a significant increase from the RMB700,000 cap in previous years. Historical utilization rates for deposits were 98.57% in 2023 and 98.83% in 2024.

The Master Sales Agreement (2025) sets proposed annual caps of RMB525,000 for 2026, RMB531,000 for 2027, and RMB538,000 for 2028. For the Master Procurement Agreement (2025), the proposed annual caps are RMB560,000 for 2026, RMB570,000 for 2027, and RMB600,000 for 2028. These transactions are subject to reporting, announcement, and annual review requirements, with certain aspects requiring independent shareholder approval at an EGM expected to be dispatched by October 10, 2025.