Summary by Moomoo AI
On December 2, 2024, JS Global Life announced the annual cap on its continuing connected transaction agreements with Jiuyang and SharkNinja. Procurement Services Agreements - Jiuyang has a suggested annual cap of $110 million for the year ended December 31, 2025, and the maximum for brand license agreements is $23 million. Because the percentage of these transactions exceeds the limits of the listing rules, the approval of independent shareholders is required.SharkNinja is owned by JS&W in excess of 40%, while JS&W is owned by controlling shareholders such as Wang Xuining, Han Run and Wong Shu-ling. These shareholders and their contacts will abstain from voting at the Extraordinary General Meeting. THE COMPANY WILL ESTABLISH AN INDEPENDENT BOARD OF DIRECTORS AND APPOINT KARIN CAPITAL TO PROVIDE...Show More
