Summary by Moomoo AI
The Board of Directors of Hongye Futures convened on April 26, 2024 and approved the resolution of the 2024 daily associated trading forecast. The transaction primarily involves brokerage, wealth management business, and other related parties between the Company and its subsidiaries and the controlling shareholder of Jiangsu Province Soho Holding Group Limited. CITIC Securities, as a continuing supervised sponsor, has conducted a prudential review and issued an uncontested audit opinion. The transaction is expected to be priced based on market price levels and industry practices and has been subject to independent review by the Board of Directors. In addition, the relevant associate directors abstained as required during the vote. The expected daily associated transaction is also subject to submission to the General Meeting for consideration. Hongye Futures stated that these transactions are required for the proper functioning of the company, contribute to the optimization of the company's resources and the continuous development of daily operations, and comply with the relevant laws and regulations.