Shanghai Chicmax Forms New Skincare Joint Venture

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

Shanghai Chicmax Cosmetics Co., Ltd. has announced the establishment of the Joint Venture, Shanghai One Leaf Skincare Products Co., Ltd., with a majority 51% ownership. The Joint Venture has entered into several agreements with the Group and other parties, which include product sales, operational support, and logistics and warehousing services. The implementation of these agreements, particularly the Product Sales Framework Agreement, is subject to shareholder approval at the upcoming EGM, with detailed information and recommendations to be dispatched on 13 September 2024.

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