PICC Property & Casualty Co (HK:2328) has released an update.
PICC Property & Casualty Co has entered into a service agreement with PICC Information Technology, which will provide shared and exclusive project services through the end of 2024. The company will pay for these technology services, with fees reaching up to RMB463.9276 million, using internal resources and a payment structure that includes prepayments and quarterly settlements. This transaction falls within the reporting and review guidelines of the Listing Rules but does not require independent shareholder approval.
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