Summary by Moomoo AI
Goldbutterfly International Software Group Co., Ltd. (“Goldbutterfly International”) announced that its wholly-owned subsidiary Goldbutterfly China and Cloud Home Network (Chongqing) Co., Ltd. (“House of Cloud”) on 29 December 2023 renewed the 2024 Strategic Cooperation Framework Agreement for a period of one year. The agreement will take effect from January 1, 2024, and Goldbutterfly China will purchase and distribute products and services as a distributor of Cloud House. Yun House is controlled by Mr. Xu Shao-chun. Mr. Xu is also the Executive Director, Chairman of the Board and a major shareholder of Goldwater International. Therefore, Yun House is considered a related person. Under the Listing Rules, this transaction is a continuing connected transaction, but is therefore exempt from independent shareholder approval due to the...Show More