Sinotrans (HK:0598) has released an update.
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Sinotrans has entered into a supplemental agreement with Y2T to adjust the annual caps for logistics and related services under their existing Purchase and Sales Framework Agreement. The revised transactions exceed the 5% threshold and thus require independent shareholder approval, as Y2T is considered a connected person due to China Merchants’ significant stake. An EGM will be called to review these changes, with China Merchants abstaining from voting due to Listing Rules.
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