China Galaxy Securities revises related party transaction limits for 2025-2027
China Galaxy Securities Co., Ltd. announced on October 22, 2025, that its board of directors approved a readjustment of the annual caps for its continuing connected transactions for the 2025-2027 period. This decision follows a board meeting on October 13, 2025, where amendments to the "Securities and Financial Services Framework Agreement" with China Galaxy Financial Holdings Co., Ltd. ("Galaxy Financial Holdings") were approved. Further details were disclosed on October 21, 2025.
The revised annual caps for fees and commission income that the company will receive from Galaxy Financial Holdings for securities and financial services are set at RMB231m, RMB944m, and RMB961m for the three years ending December 31, 2027, respectively. This increase is primarily attributed to higher distribution fee income after the management of large collective investment products was transferred to a fund company under Galaxy Financial Holdings. Additionally, the annual cap for interest expenses paid to Galaxy Financial Holdings for entrusted funds has been revised to RMB10m.
The company considered capital market volatility and unpredictable factors when setting the revised interest expense cap, referencing historical interest paid in 2015, which reached RMB10.3129m. The board believes that the revised annual caps are fair, reasonable, and in the overall interest of the company and its shareholders.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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