Red Star Macalline Seals Key Agreements

Red Star Macalline Group Corporation Ltd Class H (HK:1528) has released an update.

Red Star Macalline Group Corporation Ltd has entered into multiple agreements with Xiamen C&D and its subsidiary C&D Clean Energy, which are connected to the company as substantial shareholders. These include the Products Procurement Agreement, Master Service Provision Agreement, Master Lease Agreement, and the Electricity Purchase Framework Agreement. The deals are subject to reporting and annual review due to their percentage ratios being above 0.1% but under 5%, thus exempting them from shareholders’ approval.

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