Guokai International Investment (01062) announced that the company and Hua an entered into an investment management agreement on October 26, 2023, pursuant to which Hua an has agreed to continue to serve as the company's investment manager and provide investment management services to the company. The Investment Management Agreement will enter into force on October 26, 2023 and expire on October 25, 2026 for a period of three years. The management fee payable by the company is HK $300000 per year.
The announcement said that in view of Huaan's expertise, experience, impressive track record and in-depth understanding of the company, Huaan will be qualified as an investment manager to provide professional investment services to the company, and more importantly, it will contribute to the development and asset growth of the company.