CHINA JINMAO (00817) Subsidiary Shanghai Qinmaojia Enters Framework Agreement with Shareholders Xi'an Baomao and Qinruijia Shanghai

Stock News11-28

CHINA JINMAO (00817) announced that on November 28, 2025, its indirect non-wholly owned subsidiary, Shanghai Qinmaojia, entered into a framework agreement with its shareholders Xi'an Baomao and Qinruijia Shanghai. Under the agreement, Shanghai Qinmaojia will provide loans to Xi'an Baomao and Qinruijia Shanghai (or their designated entities) based on their respective shareholding proportions and under identical terms and conditions.

During the validity period of the framework agreement, the maximum daily outstanding balance (including accrued interest) of loans provided by Shanghai Qinmaojia to Qinruijia Shanghai is expected to reach RMB 1.032 billion.

With strong sales performance and ample cash flow, the board believes that Shanghai Qinmaojia's provision of loans to its shareholders will optimize idle cash reserves, enhance capital efficiency, and allocate resources effectively to support the group's development and financial needs for other projects.

The loan amounts extended to Xi'an Baomao and Qinruijia Shanghai (or their designated entities) will align with their respective shareholding ratios in Shanghai Qinmaojia, with identical terms and conditions.

To ensure compliance, CHINA JINMAO's financial capital department will collaborate with Shanghai Qinmaojia to determine loan amounts and tenures based on financial conditions. Subsequently, specific loan agreements between Shanghai Qinmaojia and the parties will be submitted to the company's audit and legal department for review, ensuring adherence to the framework agreement.

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