Summary by Moomoo AI
cr bldg mat tec announced on November 11, 2024, that its wholly-owned subsidiary signed a three-year IT product and service framework agreement with cr group data tech. The agreement is valid from January 1, 2024, to December 31, 2026, aiming to provide cr bldg mat tec with IT, digital, and asia vets products and services, including infrastructure services, datacenter services, cybersecurity management, etc. The recommended annual cap is RMB 0.4 billion (tax excluded) per year, determined based on historical transaction amounts, expected scope and scale of cooperation, expected quality levels, and business development needs. The continuous related transactions under this framework agreement are subject to the declaration, announcement, and annual review requirements of Chapter 14A of the Listing Rules, but are exempted from compliance with the circular, 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.
