JNBY Design (HK:3306) has released an update.
JNBY Design Limited has announced the renewal of two key agreements, effective July 1, 2024, for manufacturing and providing sample apparel for the group’s designs, involving connected transactions below the 5% threshold, thus not requiring shareholder approval. These renewals are part of the company’s continuing connected transactions, ensuring stable production of their apparel products for the next two years. The agreements are with entities controlled by the company’s founders and adhere to the Listing Rules’ reporting and announcement requirements.
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