Shanghai Diesel Engine Co., Ltd. and the actual controller Shanghai Automotive Industry Corporation (hereinafter referred to as: SAIC Group), the company's controlling shareholder Shanghai Automotive Group Co., Ltd. (hereinafter referred to as Shanghai Automotive) and signed the "parts and maintenance parts supply "Framework Agreement" and "Production Service Framework Agreement"; It is planned to sign "Agreement on Financial Service Framework Agreement" and other daily related transaction agreements with Shanghai Automotive Group Finance Co., Ltd. (hereinafter referred to as "Finance Company"). The above agreement shall be valid from the date of its signature and approval by the company's general meeting of shareholders, and until the date when the general meeting of shareholders of the company approves the new agreement to replace the aforementioned agreement three years later. The company estimated that the total amount of related party transactions with related parties in 2009 was 553.98 million yuan, of which, the estimated amount of supply of related spare parts and maintenance parts and related production services between SAIC and SAIC Motor was 479.98 million yuan and 60 million yuan respectively. The estimated amount of financial services between the financial company and the financial company (as regulated by the CBRC) is 20 million yuan.
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Shangchai and SAIC Group Sign Components and Maintenance Parts Supply Framework Agreement