Leo Group Plans Related-Party Deal Framework with Chuangxing Resources

Stock News09-22

Leo Group Co.,Ltd. (002131.SZ) has announced its intention to sign a Related-Party Transaction Framework Agreement with Shanghai Chuangxing Resources Development Co., Ltd. (referred to as "Chuangxing Resources").

The company disclosed that Chuangxing Resources, an entity controlled by major shareholder and actual controller Wang Xiangrong, along with its subsidiaries, will undertake construction and ancillary works for the company's and its wholly-owned and controlled subsidiaries' factory buildings and other projects. This includes, but is not limited to, construction contracting, procurement of engineering materials, processing, fabrication, installation, and other related services.

The agreement will remain valid for a period of 12 months, with the estimated total value of construction-related contracts not exceeding 20 million yuan.

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