Summary by Moomoo AI
Zhongxin Mining Co., Ltd. announced on 29 December 2023 that it has entered into three continuing connected transaction framework agreements with its holding shareholder Shandong China and its subsidiaries. These agreements include three years of information-related services, silver sales and sulphur mineral sales, valid from January 1, 2024 to December 31, 2026. Goldsoft Technologies will provide informational services to Shandong China Group; China Gold Mining will sell silver to China Gold Refinery; China Gold Group agrees to sell sulphur ore to China Gold and its subsidiaries. According to the Listing Rules, since the maximum applicable percentage of the relevant transactions is higher than 0.1% but less than 5%, these transactions are subject to the reporting, annual review and announcement requirements, but are exempt from compliance with the Circular and Independent Shareholder Approvals. The Board considers that the terms of these agreements are fair and reasonable and are in the overall interests of the Company and its shareholders.