Freda announced that the company plans to sign a “Financial Services Agreement” with Shandong Commercial Group Finance Co., Ltd. until December 31, 2028. The finance company is the company's largest shareholder wholly-owned company, and this transaction constitutes a related transaction. According to the agreement, the maximum daily deposit balances from 2026 to 2028 are 1.9 billion yuan, 1.95 billion yuan, and 2 billion yuan respectively, with a comprehensive credit limit of 4 billion yuan. Deposit interest rates were higher than the average interest rates of the four major banks in the same period, and loan interest rates were at least 10 basis points lower. The agreement has been reviewed by the board of directors and is yet to be approved by the shareholders' meeting.

Freda announced that the company plans to sign a “Financial Services Agreement” with Shandong Commercial Group Finance Co., Ltd. until December 31, 2028. The finance company is the company's largest shareholder wholly-owned company, and this transaction constitutes a related transaction. According to the agreement, the maximum daily deposit balances from 2026 to 2028 are 1.9 billion yuan, 1.95 billion yuan, and 2 billion yuan respectively, with a comprehensive credit limit of 4 billion yuan. Deposit interest rates were higher than the average interest rates of the four major banks in the same period, and loan interest rates were at least 10 basis points lower. The agreement has been reviewed by the board of directors and is yet to be approved by the shareholders' meeting.