CITIC Securities Co., Ltd.(600030) 证券之星·2025-03-30 09:02Core Viewpoint - The financial service agreement between Beijing Aeronautical Materials Research Institute Co., Ltd. and China Aviation Finance Co., Ltd. has been established to enhance the efficiency of fund utilization and is supported by comprehensive risk control measures [1][2][4]. Financial Service Agreement Details - The agreement was approved by the company's board and shareholders, and it includes provisions for deposit, credit, settlement, and other financial services [2][3]. - The maximum daily deposit balance allowed is capped at RMB 3.5 billion, with excess amounts to be transferred back within two working days [2][3]. - The revolving credit limit is set at RMB 400 million for various financing activities [3]. - The interest rates for deposits and loans must not exceed the benchmark rates set by the People's Bank of China [3][4]. Execution of the Agreement - Since the signing of the financial service framework agreement, the company has adhered to the terms regarding transaction content, limits, and pricing [5][6]. - As of December 31, 2024, the company's deposit balance with China Aviation Finance was RMB 2,628.05 million, with no outstanding loans or guarantees provided [5][6]. Risk Control Measures - A specialized team has been established to manage deposit risks, with regular assessments and reports to the board [6][7]. - The company has set up a risk reporting system to monitor the financial health of China Aviation Finance and to initiate risk mitigation procedures if certain financial distress indicators are met [7][8]. Sponsor's Verification Opinion - The sponsor confirms that the financial service agreement is comprehensive, well-executed, and that the risk control measures are effectively implemented [9].