Summary by Futu AI
RUIPUL LANJUN ENERGY CO., LTD. (RUIPU LANJUN) ANNOUNCED ON MARCH 26, 2024 THAT IT WILL REVISE THE PRODUCT SALES FRAMEWORK AGREEMENT WITH THE CASTLE SHAN GROUP, INCREASE THE ANNUAL TRANSACTION CEILING FOR 2024 TO 2026, AND EXTEND THE AGREEMENT PERIOD TO DECEMBER 31, 2026. This is in response to the increased demand for battery products by the Castle Mountain Group and its associates, particularly in the context of the transition to green energy supply and green electricity transport modes. RUIPUL LANJUN EXPECTS THE TRANSACTION AMOUNT TO EXCEED THE ORIGINAL ANNUAL LIMIT, SO IT HAS PROPOSED AN AMENDMENT. In addition, the company announced the establishment of the Environmental, Social and Governance Committee (ESG Committee) and proposed changes to its registered address, head office and principal place of business in China. The Company also proposes to amend the Articles of Association to reflect the above changes. All proposals are subject to approval at the Annual General Meeting. Ruipu Lanjun will send a circular to shareholders by 30 May 2024 detailing the foregoing.