China SCE Group Holdings (HK:1966) has released an update.
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China SCE Group Holdings has renewed its agreements with Funlive Group to continue their collaboration in providing advisory and operational services, as well as leasing office premises, from 2025 to 2027. These continuing connected transactions, led by Mr. Wong, a major shareholder, remain subject to specific regulatory rules but are exempt from requiring independent shareholder approval. The financial implications are modest, with applicable percentage ratios under 5%, ensuring a smooth continuation of their business relationship.
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