According to the Management Measures for Related Party Transactions of Banking and Insurance Institutions (Order No. 1, 2022 of the China Banking and Insurance Regulatory Commission) (hereinafter referred to as the "Management Measures for Related Party Transactions"), SPDB Financial Leasing Co., Ltd. (hereinafter referred to as the "Company") discloses the following information on major related party transactions:
1、 Overview of related party transactions and information on transaction targets
According to the Regulatory Measures for the Management of Related Party Transactions and the Company's Management Measures for Related Party Transactions (Revised in 2023) (SPDB Financial Leasing [2023] No. 66), major related party transactions refer to transactions between a company and a single related party where the amount of a single transaction reaches 5% or more of the company's net capital at the end of the previous quarter, or the cumulative amount reaches 10% or more of the company's net capital at the end of the previous quarter.
Recently, our company has engaged in a significant related party transaction with its affiliated party Shanghai Pudong Development Bank Co., Ltd. (hereinafter referred to as "Pudong Development Bank"), as follows:
On November 27, 2023, there was an interbank loan with Shanghai Pudong Development Bank, with a transaction amount of 1.3 billion yuan.
2、 Counterparty situation
（1） Basic information of related parties
Enterprise Name: Shanghai Pudong Development Bank Co., Ltd
Legal representative: Zheng Yang
Registered capital: 410097978 yuan
Registered address: No.12 Zhongshan East 1st Road, Shanghai
Enterprise type: Limited Liability Company
Business scope: Absorbing public deposits; Granting short-term, medium-term, and long-term loans; Handle settlement; Handle bill discounting; Issuing financial bonds; Agency issuance, agency redemption, and underwriting of government bonds; Buying and selling government bonds; Interbank lending; Provide letter of credit services and guarantees; Agency payment and insurance business; Provide safe deposit box services. Foreign exchange deposits; Foreign exchange loans; Foreign exchange remittance; Foreign currency exchange; International settlement; Interbank foreign exchange borrowing and lending; Acceptance and discounting of foreign exchange bills; Foreign exchange loans; Foreign exchange guarantee; Settlement and sales of foreign exchange; Buying and selling foreign currency securities other than stocks as agents; Self operated foreign exchange trading; Foreign exchange trading on behalf of clients; Credit investigation, consulting, and witnessing services; Offshore banking services. Other business approved by the People's Bank of China. Projects that require approval according to law can only be operated after approval by relevant departments
（2） Related relationships
Shanghai Pudong Development Bank is the controlling shareholder of the company, forming an affiliated relationship.
3、 Transaction amount and pricing policy
Transaction time
Counterparty
Transaction type
Transaction amount
pricing strategy
November 27, 2023
Shanghai Pudong Development Bank
Interbank borrowing
RMB 1.3 billion
Market pricing
The above transactions comply with the major management transactions recognized in the Measures for the Administration of Related Party Transactions, and the transaction prices are all based on market pricing, with conditions not superior to similar transactions with non related parties. The transaction prices are fair and follow the principle of fairness and impartiality.
4、 Resolution situation
The relevant information disclosed this time
