Summary by Moomoo AI
On November 22, 2024, China Longyuan signed a new financing service agreement with State Energy Finance, extending loans, deposits, and other financing business. Since the existing agreement will expire on December 31, 2024, the new agreement will take effect from January 1, 2025, for a period of one year. State Energy Finance will provide loan services not exceeding 33 billion yuan and deposit services not exceeding 0.9 billion yuan. The annual cost limit for other financing business is 20 million yuan. State Energy Finance is a subsidiary of the State Energy Group and constitutes a related person under the listing rules. The loan services under the new agreement are exempt from compliance with annual reporting, announcement, and independent shareholder approval requirements, while deposit services must comply with annual reporting...Show More