CN INT DEV CORP (00264) has announced that its buyer, an indirect non-wholly-owned subsidiary, entered into several purchase agreements for mold acquisitions. On April 15, 2025, the buyer signed the first purchase agreement with the first seller to acquire the first set of molds for a total consideration of RMB 1,699,900 (approximately HKD 1,886,900). Subsequently, on November 12, 2025, a second purchase agreement was executed with the first seller, as amended and supplemented by a supplemental agreement dated April 24, 2026, to procure the second set of molds for RMB 1,865,700 (approximately HKD 2,070,900). Furthermore, on December 3, 2025, a third purchase agreement was concluded with the second seller, amended and supplemented by a second supplemental agreement also dated April 24, 2026, for the acquisition of the third set of molds at a cost of RMB 2,355,200 (approximately HKD 2,614,300). These acquisitions are part of the group's strategy to enhance its market competitiveness by sourcing molds from Chinese manufacturers. The initiative aims to optimize production processes and effectively stabilize cost fluctuations associated with mold procurement. Additionally, by addressing previous logistical inefficiencies and delivery cycle constraints encountered when sourcing from overseas suppliers in France, the group can establish a more flexible and resilient cost-effective management framework for its manufacturing operations. The board of directors considers the terms of these purchase agreements and the transactions thereunder to be fair and reasonable, aligning with the overall interests of the company and its shareholders.
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