Shougang Fushan Resources renews financial services with Shougang Finance

Shougang Fushan Resources Group Limited has entered into a new "2026 Financial Services Framework Agreement" with Shougang Finance, an indirect wholly-owned subsidiary of its substantial shareholder Shougang Group. This agreement, effective from January 1, 2026, to December 31, 2028, covers deposit, credit, and other financial services.

The annual daily deposit caps for 2026, 2027, and 2028 are set at 2.5 bn yuan, with an interim cap of 660m yuan until shareholder approval. Similarly, the daily credit caps are also 2.5 bn yuan for each of these years, with an interim cap of 660m yuan. Service fees caps for other financial services are set at 10m yuan annually for the same period.

The deposit and credit services components, particularly the daily deposit and credit caps, are subject to independent shareholders' approval at a general meeting. A circular containing further information will be issued on or before January 15, 2026. Shareholders and potential investors are advised to exercise caution as these transactions may or may not proceed.