SDIC Power to sign financial services agreement with SDIC Finance

SDIC Power Holdings (SSE:600886) announced its intention to enter into a "Financial Services Agreement" with SDIC Finance. Under the agreement, SDIC Finance will provide SDIC Power with financial services including deposits, loans, and settlements. The agreement specifies that SDIC Power's daily maximum deposit balance at SDIC Finance will not exceed CNY 18 billion, and the daily maximum loan amount will not exceed CNY 20 billion, with the agreement effective for three years. The transactions will constitute related party transactions. The agreement was approved at the company's 12th Board of Directors 43rd meeting and is subject to shareholder approval. In 2024, the average daily deposit balance of SDIC Power and its subsidiaries at SDIC Finance was CNY 100.07 billion, with an average daily loan balance of CNY 99.09 billion. From the beginning of 2025 until the date of this announcement, the average daily deposit balance was CNY 97.42 billion, and the average daily loan balance was approximately CNY 98.63 billion. The board believes the agreement will improve capital efficiency without harming the interests of the company or minority shareholders.