---
title: "GUIZHOU ZHENHUA FENGGUANG SEMICONDUCTOR: Plans to renew a financial cooperation agreement worth 1.5 billion yuan with China Electric Power Finance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263071052.md"
description: "Zhenhua Fengguang announced that the company plans to renew a financial cooperation agreement worth 1.5 billion yuan with China Electric Finance, which constitutes a related party transaction but does not constitute a major asset reorganization. China Electric Finance will provide financial services to the company, with a funding settlement and a comprehensive credit limit of 1.5 billion yuan, valid for 3 years. This proposal was reviewed by the board of directors on October 27, 2025, with related directors abstaining from voting, and it still requires approval from the shareholders' meeting, with related shareholders abstaining"
datetime: "2025-10-28T11:31:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263071052.md)
  - [en](https://longbridge.com/en/news/263071052.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263071052.md)
---

# GUIZHOU ZHENHUA FENGGUANG SEMICONDUCTOR: Plans to renew a financial cooperation agreement worth 1.5 billion yuan with China Electric Power Finance

Zhenhua Fengguang announced that the company plans to renew the "Comprehensive Financial Cooperation Agreement" with China Electric Finance, which constitutes a related party transaction but does not constitute a major asset reorganization. China Electric Finance will provide financial services to the company, with a fund settlement and comprehensive credit limit of 1.5 billion yuan, valid for 3 years. As of the most recent period, China Electric Finance has total assets of 42.448 billion yuan, revenue of 729 million yuan, and net profit of 195 million yuan. On October 27, 2025, the company's board of directors reviewed this proposal, with related directors abstaining from voting, and it still requires approval from the shareholders' meeting, with related shareholders abstaining

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