Summary by Moomoo AI
China Res Land Limited ("China Res Land") issued a supplementary announcement on October 10, 2024, detailing the ongoing related party transactions with China Resources Beverage Group, namely the Engineering Construction Management Services Framework Agreement. The agreement stipulates that the service fees to be paid by China Resources Beverage Group to China Res Land will be fairly determined based on market rates, and the terms are guaranteed not to be inferior to similar services provided to any independent third-party clients. China Res Land further supplements that, in order to ensure the fairness and reasonableness of the transaction terms, multiple measures have been taken, including regular collection of market information, reviewing cost quotes with independent third-party clients, and periodically reviewing the service...Show More