Delin International (01126) announced that on September 20, 2023, according to the purchase order, the company wholly-owned...
According to the Zhitong Finance App, Delin International (01126) announced that on September 20, 2023, according to the purchase order, C&H, a wholly-owned subsidiary of the company, agreed to buy and C&H Chaohu agreed to sell plush toys and promotional products.
The Company deeply regrets that it did not comply with the requirements relating to connected transactions under Chapter 14A of the Listing Rules, and would like to emphasize that the non-compliance incident was an unintentional loss or unintentional act. Currently, the company has no plans to enter into a new sales deal with C&H. If the Company plans to enter into a similar transaction with C&H in the future, the Company will comply with all applicable provisions of the listing rules relating to such transactions. The company will take further remedial measures to strengthen its internal control procedures to ensure timely compliance with listing rules and prevent similar incidents from happening again.
According to the announcement, the transaction under the purchase order is a normal sale of goods arranged in the Group's daily business process, which can enable the Group to profit from it, and the proceeds from the sale will be used for general working capital.