Summary by Futu AI
cr bldg mat tec announced on November 11, 2024, that its wholly-owned subsidiary signed a three-year information technology products and services framework agreement with cr technology. The agreement is effective from January 1, 2024 to December 31, 2026, aiming to provide cr bldg mat tec with information, digitization, and asia vets products and services, including infrastructure services, datacenter services, cybersecurity management, etc. The recommended annual cap is RMB 0.4 billion (tax exclusive) per year, based on historical transaction amounts, expected scope and scale of cooperation, anticipated quality levels, and business development needs. The continuous connected transactions under this framework agreement are subject to declaration, announcement, and annual review requirements under Chapter 14A of the Listing Rules, but are exempt from compliance with circulars, independent financial opinions, and independent shareholder approval requirements. The board of directors believes that the agreement terms and the annual cap are fair and reasonable, and in line with the overall interests of the company and shareholders.