Zhitong Financial APP News, Huafa property Services (00982) announced that as the existing hotel consultancy service framework agreement and the existing convention and exhibition business cooperation framework agreement will expire on December 31, 2021 and the group is expected to continue to carry out its proposed transactions after the expiration of these agreements, on December 28, 2021, the management company and Zhuhai Huafa entered into a 2021 hotel consultancy service framework agreement. And the consultant entered into the 2021 Convention and Exhibition Business Cooperation Framework Agreement with Zhuhai Huafa relating to the renewal of the continuing connected transaction for the provision of hotel consultancy services and exhibition services to Zhuhai Huafa from January 1, 2022 to December 31, 2024, for a period of 3 years.
The company expects that, based on the estimated procurement needs of the Group, the Group (except Zhuhai Huafa property Group), especially management companies and consultants, will also need to procure products and services to meet its general day-to-day management and business operation needs. On 28 December 2021, the company and Zhuhai Huafa entered into a 2021 procurement cooperation framework agreement for the supply of products and services to expand the provision of products and services by Zhuhai Huafa Group to all members of the Group for a period of 3 years from January 1, 2022 to December 31, 2024. The existing procurement cooperation framework agreement will be terminated on January 1, 2022, the date on which the 2021 procurement cooperation framework agreement enters into force, and all rights and obligations under the existing procurement cooperation framework agreement will be terminated, except in respect of any previous breach of contract or any rights or obligations that may have arisen under the existing procurement cooperation framework agreement prior to such termination.