Star Shine Holdings to renew footwear supply deal, adopt new option scheme

Star Shine Holdings Group Limited has announced the renewal of its framework agreement for connected transactions with Mr. Tsoi Wing Sing and his associated companies. The new agreement, effective from January 1, 2026, to December 31, 2028, ensures the continued supply of footwear to the group. Proposed annual caps for these transactions are set at HK$172.5 million for each of the three years ending December 31, 2026, 2027, and 2028, reflecting stable demand and strategic production flexibility.

The company also proposes to adopt a new share option scheme and terminate the existing scheme, adopted on December 16, 2020. This move aligns with amendments to Chapter 17 of the Listing Rules and aims to attract, retain, and motivate participants.

An extraordinary general meeting will be held on Friday, December 19, 2025, in Hong Kong, for shareholders to consider and approve these resolutions. Mr. Tsoi Wing Sing, an executive director and controlling shareholder, along with his associates, will abstain from voting on the framework agreement resolutions due to material interest.