Shanghai Chicmax Cosmetics Co., Ltd. Class H (HK:2145) has released an update.
Shanghai Chicmax Cosmetics Co., Ltd. announced that Suzhou Xiongze, previously considered a connected entity due to shared ownership, has undergone a shareholder change. This change means Suzhou Xiongze is no longer a connected person to the company, which alters the classification of their transactions under the Products Purchasing Framework Agreement, exempting these transactions from certain reporting and approval requirements.
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