Connected transactions
Filed with HKEX · Stock code 2878 · · 5 pages · English
Summary by 6ix AI
Solomon Systech (International) Ltd. has announced connected transactions regarding the renewal of licenses to use EDA tools with HES, a subsidiary of a substantial shareholder, CEC. The renewal covers a period of three years and involves two wholly-owned subsidiaries of the Company, SSL-China and SSL-SZ. The transactions are classified as connected under the Listing Rules, requiring reporting but exempting them from circular and independent shareholder approval. The Board confirmed that the terms of the License Agreements are fair and reasonable, benefiting the Company and its shareholders.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
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