Industrial Securities expects that by 2026, routine related-party transactions will involve related parties including the controlling shareholder and major shareholders.

MaticHoleFiller · 2026-03-29T02:40:03+00:00

Industrial Securities will review the proposal for routine related-party transactions at the 2026 Shareholders' Meeting, with related parties including the Fujian Provincial Department of Finance and others. The transactions are expected to mainly involve financial services and product transactions, with specific amounts undisclosed due to uncertainty. The company commits that the transactions will be conducted at fair prices and will not affect independence.

MaticHoleFiller

2026-03-29 02:40:03

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According to data from Zhongfang Network, Industrial Securities Co., Ltd. held a board meeting on March 26, 2026, to review and approve the proposal regarding the expected daily related party transactions for 2026. Since this proposal involves related party transactions, all directors abstained from voting and it will be submitted directly to the company’s shareholder meeting for review, at which time related shareholders will also need to abstain from voting.

According to the announcement, the company has estimated the potential daily related party transactions that may occur in 2026 with various related parties. The main related parties include the controlling shareholder, the Fujian Provincial Department of Finance (holding 20.49%), the major shareholder, Fujian Investment Development Group Co., Ltd. and its concerted actors (holding a total of 8.82%), as well as other related legal entities and individuals.

The expected categories of related transactions mainly include two major types: one is securities and financial product services, such as brokerage, underwriting, asset management, and consulting; the other is securities and financial product trading, such as bond trading, repurchases, and mutual subscription products. Due to uncertainties in business occurrence and scale, the company did not disclose specific expected amounts, and these will be calculated based on actual occurrences.

Reviewing the actual situation in 2025, the related transactions between the company and the Fujian Provincial Department of Finance involved client margin interest expenses, financial advisory income, and bond interest income, totaling approximately 18.4036 million yuan; the related transactions with Fujian Investment Group and its concerted actors involved interest expenses, fee income, and bond interest income, totaling approximately 378,200 yuan; the transaction amounts with other individual related enterprises were relatively small.

The company stated that daily related party transactions will be priced strictly according to fair market prices, following industry practices, and are necessary for the company’s normal business operations, which will facilitate business development and will not affect the company’s independence, nor will it lead to significant dependence on related parties. The independent directors’ special meeting and the audit committee of the board have conducted a preliminary review of this proposal.

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