Dongfeng Motor Group Company Limited announced Renewed Master Financial Services Agreement: Reference is made to the announcement of the Company dated 4 January 2023 in relation to, inter alia, the entering into of a master financial services agreement between the Company and Dongfeng Motor Corporation (DFM). On 30 December 2025, the Company and DFM entered into the renewed master financial services agreement (the "Renewed Master Financial Services Agreement"), the principal terms of which are set out below. Subject matter: Pursuant to the Renewed Master Financial Services Agreement, the Company agreed to provide and procure its subsidiaries to provide financial services or assistance to DFM and its subsidiaries.
The parties may from time to time enter into individual agreement in compliance with the principles set out in the Renewed Master Financial Services Agreement. Financial Financial services or assistance to be provided by the Group to services or the DFM Group include (i) centralised capital management and assistance to control services, including budget management, settlement, fund be provided: allocation and depository; (ii) financing services or assistance, including providing funds, lending, discount, acceptance and factoring; and (iii) financial services in relation to the automobile products of DFM, including consumer facilities, buyer facilities and financial leasing. Term: The year from 1 January 2026 to 31 December 2026 (both days inclusive) Pricing: Financial services or assistance to be provided under the Renewed Master Financial Services Agreement will be charged at (i) the government-prescribed prices approved by the state or local government; (ii) where there is no government-prescribed price but where there is a government-guidance price, the government-guidance prices; and (iii) where there is neither a government prescribed price nor a government-guidance price, the market prices; and/or (iv) rates determined with reference to rates set by the commercial banks on an arm's length and reasonable basis and in compliance with the applicable policies and requirements stipulated by the relevant financial regulatory authorities from time to time and other applicable laws, rules and regulations of the PRC.
In determining market prices, the Company will compare at least two quotations for comparable services which are available on an arm's length basis and ensure the price payable by DFM or its subsidiaries are on terms no less favourable than those provided by independent third parties.
