Chanjet Renews Property Lease Agreement with Yonyou

Chanjet Information Technology Co., Ltd. Class H (HK:1588) has released an update.

Chanjet Information Technology Co., Ltd. has announced the renewal of its Property Leasing Framework Agreement with Yonyou, its controlling shareholder, starting January 1, 2025, and lasting until December 31, 2027. This move aligns with Chanjet’s business development needs and involves transactions classified as continuing connected transactions under Hong Kong Listing Rules. Despite the scale of the agreement, it remains exempt from independent shareholders’ approval, requiring only reporting and annual review.

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