Daqin Railway seeks approval for service, financial agreement renewals

Daqin Railway Co., Ltd. will hold its first extraordinary general meeting of shareholders in 2026 on January 6, 2026, to vote on several key proposals. These include renewing a "Comprehensive Service Framework Agreement" with China National Railway Group Co., Ltd., projecting total transaction amounts of 7,072,748 yuan in 2026, 7,190,024 yuan in 2027, and 7,310,332 yuan in 2028. The company will also seek approval to renew its "Financial Services Agreement" with China Railway Finance Co., Ltd., setting a maximum daily deposit balance of 190 bn yuan and a maximum daily integrated credit line of 9 bn yuan.

The extraordinary general meeting will also address revisions to several corporate governance documents, including the "Shareholders' Meeting Rules," "Board of Directors' Meeting Rules," and "Related Party Transaction Decision-Making Rules." These changes aim to enhance corporate governance and normalize operations. A risk disposal plan for financial services with China Railway Finance Co., Ltd. has been formulated to safeguard capital. The board of directors has approved these proposals, with related parties recusing themselves from voting on the service and financial agreements.

The proposals were reviewed and approved by Daqin Railway's Seventh Board of Directors' Seventeenth Meeting on December 16, 2025. The company’s independent directors have evaluated the risk report for China Railway Finance Co., Ltd. and concluded that its operations are sound, ensuring the safety of Daqin Railway's funds deposited there.