Yibin Paper Industry: Intends to Renew a 3-Year Financial Service Agreement with a Financial Company.
Yibin Paper Industry announced that the company held a board meeting on June 5, 2026, to review and approve the proposal to renew the "Financial Service Agreement" with Sichuan Yibin Wuliangye Group Financial Co., Ltd. The financial company and the company are both controlled by Wuliangye Group, and this transaction constitutes a related party transaction, which still needs to be approved by the shareholders' meeting. The agreement has a validity period of 3 years, with daily maximum deposit, loan, and bill balance of 1 billion yuan, 4 billion yuan, and 1 billion yuan respectively. The deposit interest rate shall not be lower than the level of similar commercial banks at the same period of the People's Bank of China, and the loan interest rate is based on the LPR and shall not exceed the level of similar LPR at the same period.
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