Connected transaction -renewal of RM innovative property leasing agreement

Summary by 6ix AI

The agreement involves leasing certain portions of production premises from RM Technology, a connected person of the company, for manufacturing-related facilities. The rental terms were determined based on market conditions and arm's length negotiations, and the transaction is considered to be in the ordinary course of business. The Board believes this renewal will support the company's production capacity expansion in response to growing business needs.

Written by 6ix AI from the company’s filing. How 6ix writes summaries