Sinoma International renews financial services deal with parent's finance arm

Sinoma International Engineering announced the renewal of its financial services agreement with China National Building Materials Group Finance Co., Ltd. for 2026 to 2028. This transaction, subject to shareholder approval, includes deposit, settlement, comprehensive credit, and other financial services. The daily maximum deposit balance will not exceed RMB 650,000万元 annually, and the maximum comprehensive credit balance will not exceed RMB 700,000万元 annually. Other financial services fees will not exceed RMB 3,000万元.

The Finance Company, a subsidiary of Sinoma International's controlling shareholder, will offer deposit interest rates no lower than major domestic commercial banks and loan interest rates no higher than those offered to Sinoma International. The Board's Audit and Risk Management Committee and independent directors have approved the renewal, ensuring it complies with regulations and does not harm shareholder interests.

Additionally, Sinoma International Engineering will seek shareholder approval to reappoint Da Hua Certified Public Accountants as its audit firm for 2025. The total audit fee for 2025 is RMB 370万元, including RMB 75万元 for internal control audit fees.