Continuing connected transactions in relation to procurement framework agreement

Summary by 6ix AI

Shanghai Industrial Holdings Limited has filed a notice regarding a Procurement Framework Agreement with Shanghai Pharmaceuticals Holding, which involves the supply of printed packaging materials for pharmaceutical products. The agreement allows members of the Wing Fat Group to enter into individual agreements with Shanghai Pharmaceuticals Holding Group for a term of one year. The filing outlines the implications under listing rules, confirming that these transactions are considered continuing connected transactions due to shared ownership. The annual cap for procurement under this agreement is set based on historical transaction amounts and is subject to internal control procedures to ensure compliance with market pricing.

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