BOCOM International Holdings Company Limited (3329) released information regarding the automatic renewal of a Property Leasing Framework Agreement and two new continuing connected transactions framework agreements (New CCT Framework Agreements). These agreements cover leasing of properties and the provision of financial and financial technology services between BOCOM International Holdings and the Bank of Communications group (BOCOM) for the period of 2026 to 2028.
According to the announcement, BOCOM is the ultimate controlling shareholder of BOCOM International Holdings, holding approximately 73.14% of its issued shares. The Property Leasing Framework Agreement is proposed to continue for three years from 1 January 2026, with total annual caps of approximately HK$239.7 million in 2026, HK$220.5 million in 2027, and HK$166.7 million in 2028. The New Financial Services Framework Agreement and the New Financial Technology Services Framework Agreement each also propose three-year terms starting from 1 January 2026.
The document sets out annual caps for property leasing, securities brokerage-related services, investment advisory and management services, underwriting and sponsoring activities, deposit and referral services, fund product distribution, as well as various financial technology services. Detailed calculations reference prevailing market rates and expected market conditions. The announcement states the agreements will become effective upon independent shareholders’ approval, aligning with the Listing Rules on connected transactions.
An Extraordinary General Meeting (EGM) is scheduled for 17 December 2025 at 11:00 a.m. at Conference Room 1, 9/F, Man Yee Building, 68 Des Voeux Road Central, Hong Kong and via an online platform. Shareholders are encouraged to vote electronically, and BOCOM, as an interested party, will abstain from voting on the relevant resolutions. The company’s independent financial adviser supports the proposals, concluding the transactions are fair, reasonable, and on normal commercial terms or better. Shareholders are requested to review the circular and notice of EGM for fuller information on resolutions and annual caps.
Comments