Shanghai Chicmax Expands Product Offerings and Restructures Logistics

Shanghai Chicmax Cosmetics Co., Ltd. Class H ( (HK:2145) ) has shared an update.

Shanghai Chicmax Cosmetics Co., Ltd. has entered into a Product Purchasing and Services Framework Agreement with Yinxi Shanghai to acquire tea products and teahouse services, marking a strategic move to diversify its product portfolio. Additionally, the company has modified its Logistics and Warehousing Service Agreement, now engaging Hangzhou Rongheng to provide these services, which reflects a restructuring of its logistics operations. These transactions, involving connected parties, are subject to specific reporting requirements under the Listing Rules, but do not require independent shareholder approval, indicating a streamlined regulatory process.

More about Shanghai Chicmax Cosmetics Co., Ltd. Class H

Shanghai Chicmax Cosmetics Co., Ltd. is a joint stock company based in the People’s Republic of China, primarily involved in the cosmetics industry. The company focuses on the development and sale of cosmetic products, leveraging its market presence to expand its product offerings and services.

YTD Price Performance: 33.72%

Average Trading Volume: 1,358,774

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$19.45B

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