Summary by Moomoo AI
Unitedenergy Group Limited announced on August 29, 2024 that its wholly-owned subsidiary, Unitedenergy (Peking), has signed a second lease agreement with Beijing Dacheng to lease a property in Chaoyang District, Peking from September 2, 2024 to August 31, 2027. On the same day, Unitedenergy (Peking) also signed a property service agreement with Eastern Anyi (Peking) to provide property management services for the two properties mentioned above during the same period. Since Beijing Dacheng and Eastern Anyi are companies indirectly controlled by Mr. Zhang Hongwei, the Chairman of the company, holding a 30% interest, these transactions constitute related party transactions under Chapter 14A of the Listing Rules. The lease agreement and property service agreement transactions will be consolidated and comply with the disclosure and announcement requirements of the Listing Rules, but are exempted from compliance with circular and shareholder approval requirements. This transaction aims to provide additional office space for the company's business expansion.
