Minsheng Bank to deepen cooperation with Dajia Life Insurance

China Minsheng Bank (SSE:600016) has announced a new framework agreement with Dajia Life Insurance to expand their collaboration in financial product sales. Approved at the bank's recent board meeting, the agreement outlines service fee limits for product distribution over the next few years. The agreement sets a maximum service fee of CNY150 million between June 9 and December 31, 2025, CNY250 million for the entire year of 2026, and CNY150 million from January 1 to June 8, 2027. This partnership falls under the group's related transaction quota management and does not involve credit extensions. The bank's independent directors have affirmed that this transaction aligns with commercial principles and does not negatively impact the bank's operations or shareholder interests. Zhao Peng and Liang Xinjie, related directors, abstained from voting on the matter.