C&D Property Management renews key services agreement with controlling shareholders

C&D Property Management Group Co., Ltd (HKEX:2156) has renewed its business framework agreement with controlling shareholders C&D Real Estate Corporation Limited and C&D International Investment Group Limited. The renewed agreement, effective from January 1, 2026, to December 31, 2028, ensures the continued provision of property management, community value-added, synergy, and non-property owner value-added services. This renewal is subject to approval by independent shareholders at an extraordinary general meeting on December 30, 2025.

The proposed annual caps for services payable to the group under this renewed agreement are RMB1,820 million for 2026, RMB2,090 million for 2027, and RMB2,390 million for 2028. These caps reflect expected growth in property development and service demand from the remaining CDI Group and remaining C&D Real Estate Group.

The board and independent financial adviser recommend independent shareholders vote in favor, stating the terms are on normal commercial terms, fair, and reasonable, aligning with the company’s and shareholders’ best interests. External auditors and independent non-executive directors will conduct annual reviews of these continuing connected transactions.