SAIC Motor plans to renew multiple routine related-party transaction agreements and anticipates future transaction volumes

Zhongfang Network Data
SAIC Motor Corporation Limited (Stock Code: 600104) held the seventh meeting of the ninth board of directors on March 31, 2026, reviewing and approving a series of proposals regarding the renewal of the daily related-party transaction framework agreement and the projected future transaction amounts.
Core decisions include: the company plans to renew four types of framework agreements with related parties, including the “Commodity Supply Framework Agreement,” “Comprehensive Service Framework Agreement,” “Housing, Land, and Vehicle Leasing Framework Agreement,” and “Financial Services Framework Agreement”; additionally, its subsidiary SAIC Financial Company also plans to renew the “Financial Services Framework Agreement” with related parties, with all agreements valid for three years.
Furthermore, the meeting also reviewed and approved the projected related-party transaction proposal for conducting deposit, loan, and other business with China Merchants Bank.
Key data shows that the company expects the total daily related-party transactions (excluding financial services) with major related parties Shanghai Automotive Industry (Group) Co., Ltd. and related enterprises to reach 15.4 billion yuan in the second half of 2026 and 15.4 billion yuan in the first half of 2027, respectively.
Among these, commodity supply is expected to account for the largest proportion, with both half-year periods projected at 11 billion yuan.
In terms of financial services, SAIC Financial Company expects to provide a total of 3 billion yuan each to SAIC Group and related enterprises in deposits, loans, and bill business during the same period.
These proposals are still subject to review and approval by the company’s shareholders’ meeting, with related shareholders abstaining from voting.
The company states that these related-party transactions are based on operational development needs, follow the principles of fairness and reasonableness, with pricing referencing market standards, and are conducive to business growth and market expansion, aligning with the interests of the company and all shareholders, without affecting the company’s independence.
Independent directors have issued independent opinions supporting the relevant matters.

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