China Southern Airlines Extends Key Service Agreements

China Southern Airlines Company Limited Class H (HK:1055) has released an update.

China Southern Airlines has renewed its Media and Catering Services Framework Agreements with its controlling shareholder, CSAH, for a three-year term starting January 2025. These agreements, which involve various media services and catering operations, are classified as continuing connected transactions under the Hong Kong Listing Rules. While the transactions exceed a 0.1% annual cap, they remain exempt from independent shareholder approval, requiring only reporting and annual review.

For further insights into HK:1055 stock, check out TipRanks’ Stock Analysis page.