China Resources Land subsidiary renews key connected transactions

China Resources Land Limited announced the renewal of five continuing connected transactions for its subsidiary, CR Mixc Lifestyle, with CRH and CR Bank. These agreements extend from January 1, 2026, to December 31, 2028, covering goods and services procurement, value-added services, membership operation and marketing, property management services, and deposit and financial services.

For goods and services procurement, CR Mixc Lifestyle Group's maximum annual purchases from CRH Connected Persons are projected to be RMB287,500 in 2026, RMB322,000 in 2027, and RMB345,000 in 2028. CR Mixc Lifestyle Group expects to receive total fees of RMB241,500 for value-added services in 2026, RMB299,000 in 2027, and RMB356,500 in 2028. Property management fees to be received are capped at RMB977,500 in 2026, RMB1,150,000 in 2027, and RMB1,322,500 in 2028.

Regarding financial services, the maximum daily balance of deposits placed by CR Mixc Lifestyle Group with CR Bank is set at RMB1,000,000 for each year from 2026 to 2028. The maximum daily amount of financial services and products provided by CR Bank is also set at RMB300,000 annually. These transactions aim to streamline management, enhance revenue, and support business development.