Ping An Health Medical Technology Co., Ltd. (Dr. Ping An Ho) announced that its wholly-owned subsidiary Kang Keng and Ping An's controlling shareholder signed a service purchase agreement on March 19, 2024, which will be effective from the same date until the end of the year. The transaction constitutes a continuing connected transaction for the holding of approximately 39.41% of shares and complies with the relevant provisions of Chapter 14A of the Listing Rules, but does not require the approval of independent shareholders. The service fee involved in the agreement is estimated at RMB6.62 million and will be determined on the basis of cost addition (cost plus 5%). Over the past three years, the company has purchased several services from Ping An and considers...Show More

Ping An Health Medical Technology Co., Ltd. (Dr. Ping An Ho) announced that its wholly-owned subsidiary Kang Keng and Ping An's controlling shareholder signed a service purchase agreement on March 19, 2024, which will be effective from the same date until the end of the year. The transaction constitutes a continuing connected transaction for the holding of approximately 39.41% of shares and complies with the relevant provisions of Chapter 14A of the Listing Rules, but does not require the approval of independent shareholders. The service fee involved in the agreement is estimated at RMB6.62 million and will be determined on the basis of cost addition (cost plus 5%). Over the past three years, the company has purchased several services from Ping An and considers that the services provided by Ping'an are stable and of high quality. The company has implemented internal controls to ensure the fairness of the transaction and an annual review will be conducted. The Board considers the terms of this Agreement to be fair and reasonable and in the best interests of the Company and its shareholders.