KWG GROUP (01813) Announces Renewal of Continuing Connected Transactions

Bulletin Express

Mar 06

KWG GROUP (01813) issued an announcement regarding the renewal of continuing connected transactions through three new framework agreements with KWG Living. The agreements cover residential property management services, commercial property management services, and commercial operational and value-added services, with a new term from 1 January 2026 to 31 December 2028. According to the announcement, the highest applicable percentage ratio exceeds 5%, unlocking reporting and approval requirements under the Listing Rules.

Under the new agreements, the proposed maximum annual transaction amounts vary by category. Residential property management services have proposed annual caps of RMB104.40 million, RMB107.80 million, and RMB111.20 million for the three years ending 31 December 2028. Commercial property management services have proposed annual caps of RMB81.00 million each year, and commercial operational and value-added services have proposed annual caps of RMB65.40 million, RMB68.00 million, and RMB70.90 million, respectively. An extraordinary general meeting is scheduled for 30 March 2026, during which independent shareholders will consider and vote on these transactions.

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The agreements cover residential property management services, commercial property management services, and commercial operational and value-added services, with a new term from 1 January 2026 to 31 December 2028. According to the announcement, the highest applicable percentage ratio exceeds 5%, unlocking reporting and approval requirements under the Listing Rules.</p>\n<p>Under the new agreements, the proposed maximum annual transaction amounts vary by category. Residential property management services have proposed annual caps of RMB104.40 million, RMB107.80 million, and RMB111.20 million for the three years ending 31 December 2028. Commercial property management services have proposed annual caps of RMB81.00 million each year, and commercial operational and value-added services have proposed annual caps of RMB65.40 million, RMB68.00 million, and RMB70.90 million, respectively. 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