cmoc group limited (CMOC) announced on October 28, 2024, that its wholly-owned subsidiary, Luomu Holdings, and major shareholder contemporary amperex technology, as well as the company with KFM Holdings and KFM Mining, have entered into a new sales and procurement framework agreement. These agreements will take effect after the expiration of the existing agreements on December 31, 2024, and will be valid until December 31, 2027. According to the listing rules, as contemporary amperex technology is a major shareholder of cmoc group limited, and KFM Holdings and KFM Mining are related subsidiaries of cmoc group limited, these transactions constitute continuing connected transactions. The proposed annual upper limit of such transactions exceeds 5%, requiring compliance with relevant reporting, announcement, annual review, circular and independent shareholder approval requirements...Show More

cmoc group limited (CMOC) announced on October 28, 2024, that its wholly-owned subsidiary, Luomu Holdings, and major shareholder contemporary amperex technology, as well as the company with KFM Holdings and KFM Mining, have entered into a new sales and procurement framework agreement. These agreements will take effect after the expiration of the existing agreements on December 31, 2024, and will be valid until December 31, 2027. According to the listing rules, as contemporary amperex technology is a major shareholder of cmoc group limited, and KFM Holdings and KFM Mining are related subsidiaries of cmoc group limited, these transactions constitute continuing connected transactions. The proposed annual upper limit of such transactions exceeds 5%, requiring compliance with relevant reporting, announcement, annual review, circular and independent shareholder approval requirements. cmoc group limited has appointed Hiwing Capital as an independent financial advisor and will send a circular to shareholders by November 18, 2024, or earlier, detailing the transaction terms and the proposed annual upper limit. An extraordinary general meeting will be convened to obtain independent shareholder approval, with contemporary amperex technology and its associates waiving voting rights.