Summary by Futu AI
ZHEJIANGEXPRESS announced on December 27, 2024, that it has signed a supplementary agreement regarding the capital increase and the related main trade and connected trade for the sale of shares in the three companies. According to the supplementary agreement, the payment date for the capital increase will be extended from the originally scheduled date of December 31, 2024, to November 28, 2027. This decision was made because the parties to the capital increase agreement jointly agreed to delay the completion of the capital increase.Aside from the extended payment date, the other terms and conditions of the capital increase agreement remain unchanged. The company's Board of Directors believes that the terms of the supplementary agreement are fair and reasonable, established on general business terms, and are in the overall interest of the company and its Shareholders. This postponement reflects the adjustments made by the parties involved in the trade regarding the timeline for completing the capital increase, which may affect the company's financial planning and future development strategy.
