Ping An Bank extends 2 bn yuan credit to Far East Horizon

Ping An Bank, a listed commercial bank, has approved a new 2 bn yuan or equivalent foreign currency integrated credit line for Far East Horizon Co., Ltd., with a 12-month term. This decision was made during a board meeting, following reviews by the Independent Directors' Special Meeting and the Connected Transactions Control Committee. The transaction is considered a connected transaction because an external supervisor of Ping An Bank also serves as an independent director for Far East Horizon.

As of the second quarter of 2025, Ping An Bank's net capital was 5,884.55 bn yuan, and its audited net assets were 4,948.42 bn yuan. The 2 bn yuan credit represents 0.34% of the bank's net capital and 0.40% of its net assets. Cumulative connected transactions with Far East Horizon over the past 12 months, including this new extension, total 3 bn yuan, accounting for 0.61% of Ping An Bank's net assets.

Far East Horizon, established on May 15, 2008, offers financial leasing services. As of the end of 2024, its total assets were 3,603.90 bn yuan, with total liabilities of 3,029.13 bn yuan and owners' equity of 574.77 bn yuan. The company reported a cumulative operating income of 377.49 bn yuan, total profit of 80.21 bn yuan, and net profit of 38.62 bn yuan. Ping An Bank confirms that the transaction was negotiated on commercial principles and does not harm the interests of the bank or its shareholders.