Red Star Macalline Announces Supplemental Contract Management Agreement and Revised Annual Caps

Reuters09-26

<a href="https://laohu8.com/S/601828">Red Star Macalline</a> Announces Supplemental Contract Management Agreement and Revised Annual Caps

Red Star Macalline Group Corporation Ltd. has announced the execution of a supplemental contract management agreement and the revision of annual caps for its continuing connected transactions. The new arrangements involve contract management agreements with Shaanxi Hongrui, a company engaged in furniture sales, construction and decoration materials, and property management in China. The transactions are classified as continuing connected transactions under Chapter 14A of the Hong Kong Listing Rules. As the applicable percentage ratios for the new annual caps exceed 0.1% but remain below 5%, the transactions are subject to annual review, reporting, and announcement requirements, but are exempt from circular and independent shareholders' approval. Certain directors abstained from voting on the resolution due to their interests in the transactions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Red Star Macalline Group Corp. Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein.

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