CIMC Enric shareholders to vote on extended financial services agreement

CIMC Enric Holdings Limited has announced an extraordinary general meeting (EGM) on Tuesday, October 28, 2025, to approve the Financial Services Framework Agreement (2025). This agreement, signed on September 9, 2025, with CIMC Finance Company and CIMC, renews a prior agreement set to expire on December 31, 2025. It outlines the provision of various financial services by CIMC Finance Company to the group from January 1, 2026, to December 31, 2028.

A key aspect of the new agreement is the proposed increase in annual caps for Deposit Services. The maximum daily outstanding balance of deposits is set to rise from RMB700 million to RMB3.5 billion for each of the three years ending December 31, 2026, 2027, and 2028. This adjustment reflects factors such as historical utilization rates (98.57% in 2023, 98.83% in 2024, and 99.46% for the first six months of 2025), expected business scale, and the group's anticipated need for flexible financial products.

CIMC, as the controlling shareholder, and CIMC Finance Company, its wholly-owned subsidiary, are connected persons, making this a continuing connected transaction under Listing Rules. Directors with material interest, including Mr. Gao Xiang and Mr. Yang Xiaohu, abstained from voting on the relevant board resolutions. The independent board committee and Somerley Capital Limited recommend shareholders vote in favor of the resolution.