South Manganese Investment continues connected transactions with Guangxi Dameng

South Manganese Investment Limited (HKEX:1091) has announced continuing connected transactions with Guangxi Dameng, involving sales and purchase framework agreements for manganese ores and related products. The agreements, effective from March 11, 2025, to December 31, 2027, are subject to independent shareholder approval at an upcoming Extraordinary General Meeting (EGM). Annual caps for sales range from RMB369.2 million to RMB553.8 million, while purchase caps range from RMB553.8 million to RMB738.4 million across the three years. Guinan Dameng, holding a 22.64% equity interest in the company, will abstain from voting. The deals are subject to reporting, announcement, and annual review requirements under Chapter 14A of the Listing Rules, as one or more of the applicable percentage ratios exceed 5%. A circular will be dispatched to shareholders by March 31, 2025.