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Changhong Meiling announced that the company plans to renew the three-year “Financial Services Agreement” with the related party, Sichuan Changhong Group Finance Co., Ltd., with the maximum daily deposit balance and maximum outstanding loan principal and interest not exceeding 4.5 billion yuan during the validity period of the agreement. Changhong Finance will provide financial services such as deposits, loans, and bill discounts, and the pricing will follow the principles of fairness and rationality. The related transaction still needs to be submitted to the company's second extraordinary shareholders' meeting in 2026 for review, and related shareholders need to avoid voting. As of September 30, 2026, the deposit balance of the company and its subsidiaries at Changhong Finance Company was $3,970 million, and the loan balance was $0.
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Changhong Meiling announced that the company plans to renew the three-year “Financial Services Agreement” with the related party, Sichuan Changhong Group Finance Co., Ltd., with the maximum daily deposit balance and maximum outstanding loan principal and interest not exceeding 4.5 billion yuan during the validity period of the agreement. Changhong Finance will provide financial services such as deposits, loans, and bill discounts, and the pricing will follow the principles of fairness and rationality. The related transaction still needs to be submitted to the company's second extraordinary shareholders' meeting in 2026 for review, and related shareholders need to avoid voting. As of September 30, 2026, the deposit balance of the company and its subsidiaries at Changhong Finance Company was $3,970 million, and the loan balance was $0.
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