Summary by Moomoo AI
CONE CEMENT ANNOUNCES THAT ITS NON-WHOLLY OWNED SUBSIDIARY HAI WAI HAS SIGNED A SUPPLY CHAIN LOGISTICS TRANSPORT SERVICE CONTRACT WITH CONE NEW MATERIALS AND CONE TECHNOLOGIES. Haihui Company will provide transportation services such as plastic steel, aluminum alloy profiles and raw materials for conical materials. The contract period is from January 19, 2024 to December 31 of the same year, with a maximum transaction limit of RMB 6 million. Another contract provides transportation services for products such as additives for Conch Technology. The contract is from January 1 to December 31, 2024, with a maximum transaction limit of RMB 2600 million. CONE NEW MATERIALS AND CONE TECHNOLOGY ARE BOTH CONTACTS OF CONE GROUP, SO THESE TRANSACTIONS CONSTITUTE CONNECTED TRANSACTIONS. Under the Listing Rules, these transactions are subject to annual review and disclosure requirements, but are exempt from independent shareholder approval. The Board of Directors has approved these transactions and considers that they have no material impact on the company's financial condition and operating results.