China Nonferrous Mining Revises Annual Caps for Copper Supply Agreement

Reuters11-17
<a href="https://laohu8.com/S/CNFMF">China Nonferrous</a> Mining Revises Annual Caps for Copper Supply Agreement

China Nonferrous Mining Corporation Limited announced a revision of the annual caps for continuing connected transactions under the 2023 Huachin Copper Supply Framework Agreement, entered into with Huachin on 24 November 2023. The agreement relates to the sale and purchase of copper products and is conducted in the ordinary and usual course of business. The company stated that the revised annual caps for the two years ending 31 December 2026 have been negotiated on an arm's length basis and are considered fair and reasonable. The transactions are subject to reporting, annual review, and announcement requirements under Hong Kong Listing Rules, but are exempt from independent shareholders' approval. The company's auditor will conduct an annual review of the pricing terms and annual caps.

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