C&D International and Property renew key business framework agreement

C&D International Investment Group Limited and C&D Property Management Group Co., Ltd. renewed their Business Framework Agreement on October 30, 2025, after trading hours. This agreement, covering property management, community value-added, and synergy services, will now extend for three years, from January 1, 2026, to December 31, 2028. The renewal aims to satisfy daily operational needs and enhance business efficiency.

For C&D International, the transactions are considered continuing connected transactions under Chapter 14A of the Listing Rules. The proposed annual caps for services payable to the C&D Property Group by the Remaining C&D Real Estate Group and its connected companies are RMB180m for 2026, RMB200m for 2027, and RMB220m for 2028. For the Remaining C&D International Group, the caps are RMB1,640m for 2026, RMB1,890m for 2027, and RMB2,170m for 2028.

For C&D Property, the proposed annual caps exceed 5% of applicable percentage ratios, necessitating reporting, annual review, announcement, and independent shareholders' approval. An Extraordinary General Meeting (EGM) will be convened to seek this approval, with C&D International and Well Land, subsidiaries of C&D Real Estate, abstaining from voting. An Independent Board Committee and an independent financial adviser will be appointed to guide the Independent Shareholders.