China Resources Mixc Lifestyle (1209) Proposes Renewals of Connected Transactions with CR Land (1109)

Bulletin Express11-28

China Resources Mixc Lifestyle Services Limited (1209) has announced plans to renew various continuing connected transactions with CR Land (1109) and certain agreements with CRH. An extraordinary general meeting is scheduled on 18 December 2025 to seek independent shareholders’ approval. According to the announcement, existing arrangements under the 2023 framework agreements for CR Land property management services, CR Land value-added services, and CRH property management services will expire on 31 December 2025.

The renewed framework agreements—including the 2026 CR Land Property Management Services Framework Agreement, the 2026 CR Land Value-added Services Framework Agreement, and the 2026 CRH Property Management Services Framework Agreement—propose new annual caps from 2026 to 2028. These cover servicing fees for commercial projects, residential properties, and value-added services such as pre-delivery marketing, consultancy, and community-related offerings. Additionally, the Amended 2023 CR Land Commercial Operational Services Framework Agreement will adopt renewed annual caps for 2026 through 2028, covering pre-opening support and ongoing operation management for shopping malls and office assets.

The announcement highlights that CR Land holds about 70.12% of China Resources Mixc Lifestyle’s issued share capital. The board believes continued collaboration will help the group leverage economies of scale and maintain strong service expansion. The proposed resolutions and annual caps will be tabled to independent shareholders for approval at the upcoming extraordinary general meeting.

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