CCOOP Group finalizes financial services deal with related finance arm

CCOOP Group Co., Ltd. announced a financial services agreement with Gonxiao Group Finance Co., Ltd., a wholly-owned subsidiary of its ultimate controlling shareholder, China National Supply and Marketing Cooperative. This related-party transaction, approved by CCOOP's board, involves Gonxiao Group Finance providing various financial services, including managing CCOOP’s designated bank accounts through a treasury system, without charging any fees for one year. The agreement aims to optimize CCOOP Group's financial management and improve efficiency.

The financial services agreement was approved at CCOOP Group's board meeting on November 28, 2025. Related directors abstained from voting, and independent directors confirmed the finance company's compliance and the fairness of the terms. Gonxiao Group Finance Co., Ltd., established on February 21, 2014, with a registered capital of 1,000,000,000 yuan, reported total assets of 365,116.66 million yuan and net profit of 3,572.66 million yuan for 2024.

As of October 31, 2025, CCOOP Group and its subsidiaries had a deposit balance of 966.35 yuan with Gonxiao Group Finance Co., Ltd. and an outstanding loan principal of 140,000,000 yuan, with interest expenses totaling 50,000 yuan for the period from early 2025 to October 31, 2025. CCOOP Group has implemented risk assessment and control measures to ensure the security of funds and adherence to regulatory requirements.