China Resources Mixc Lifestyle Services revises 2023 property leasing caps, proposes renewals

China Resources Mixc Lifestyle Services Limited has revised the annual caps for its 2023 CR Land Property Leasing Framework Agreement. The estimated rental payment for leasing from CR Land Connected Persons is increased from RMB15,000,000 to RMB30,000,000 for the financial year ending 31 December 2025. This adjustment is driven by business growth, specifically increased demand for lease space for self-operated cosmetics and car parking businesses. As of 30 September 2025, the incurred lease amounts already reached approximately RMB12,643,000.

Additionally, the company intends to renew several continuing connected transaction framework agreements for a further three-year term from 1 January 2026 to 31 December 2028. These include property leasing, procurement of goods and services, commercial operational services, value-added services, property management services, membership operation and marketing, advisory services, and deposit and other financial services with CR Land Connected Persons, CRH Connected Persons, and CR Bank. Most of these renewals are partially exempt transactions under Listing Rules Chapter 14A.

However, the renewals for the 2026 CR Land Property Management Services Framework Agreement and the Amended 2023 CR Land Commercial Operational Services Framework Agreement are non-exempt, requiring Independent Shareholders' approval at an Extraordinary General Meeting (EGM). The proposed annual caps for these non-exempt transactions for 2026, 2027, and 2028 will be detailed in a circular dispatched to Shareholders by 19 November 2025.