Summary by Moomoo AI
Zhongxin Mining Co., Ltd. (China Gold Mining) announced on 29 December 2023 that it has renewed new financial services agreements with its financial companies, namely the 2023 Group Financial Services Agreement and 2023 Parent Group Financial Services Agreement, to replace the relevant 2020 agreements that will expire on 31 December 2023. The new agreement will take effect from 1 January 2024 and will be valid until 31 December 2026. This transaction involves deposit services, note settlement services and loan services, which are considered to be major transactions and are not exempt continuing connected transactions, as they involve amounts exceeding the thresholds defined in the Listing Rules. These transactions are subject to the relevant declaration, announcement and shareholder approval requirements. An independent Board of Directors has been established and Maiki Capital Limited...Show More