Summary by Futu AI
SUNSHINE REAL ESTATE FUND ANNOUNCED ON 30 APRIL 2024 THAT THE FUND, MANAGED BY HENGE SUN ASSET MANAGEMENT LIMITED, SIGNED A SIXTH SUPPLEMENTARY AGREEMENT WITH THE PROPERTY MANAGER, EXTENDING THE PROPERTY MANAGEMENT AGREEMENT UNTIL 31 DECEMBER 2026. On the same day, we also renewed the Total Services Agreement with Hang Kai Properties to regulate service transactions for the extended period of the year. The Hang Chi Real Estate Group holds approximately 21.24% of the fund units, making the transaction a continuing connected party transaction. The Administrator will seek approval of the Property Management Transaction and its new cap from the Independent Fund Unit Holders at the Special Meeting. The special meeting will be held on 29 May 2024 and the registration of fund units will be suspended from 24 to 29 May 2024. IN ADDITION, THE RENEWAL OF THE COOPERATIVE PARKING AGREEMENT AND THE RENEWAL OF THE MASTER LEASE AGREEMENT HAVE BEEN ESTABLISHED, EXTENDING THE TERM OF THE EXISTING AGREEMENT TO AN EXTENSION OF ONE YEAR.
