Financial Street Holdings anticipates significant related-party transactions in 2025

Financial Street Holdings (SZSE:000402) projects routine related-party transactions with its controlling shareholder, Beijing Financial Street Investment (Group) Co., Ltd., and related parties to total CNY 41,566,000 in 2025. These transactions primarily involve the receipt and provision of labor services, including property management, rental fees, and supplementary commercial insurance. A significant portion, CNY 30,265,000, relates to property management fees and related costs paid to Financial Street Property Co., Ltd., a related party. The company's board of directors approved these transactions during its 34th meeting. In a related announcement, the board also approved continued related-party transactions with Beijing Wu Yi Real Estate Development Co., Ltd. and renewed agreements with Harmony Health Insurance Co., Ltd. Additionally, the board approved the establishment of Suzhou Financial Street Commercial Management Co., Ltd., a wholly-owned subsidiary with a registered capital of CNY 1,000,000. These related-party transactions are expected to support the company's operational stability and are based on fair market pricing.