E-Star Commercial Management Company Limited (Stock Code: 6668) has announced the signing of five new framework agreements with its controlling shareholder, Mr. Huang, for the period between 1 January 2026 and 31 December 2028. The existing framework agreements covering similar transactions will expire on 31 December 2025.

The new agreements encompass commercial property operational services, tenant management services, sales referral services, master procurement, and sublease arrangements. According to the announcement, some of these agreements will be subject to reporting and announcement requirements only, while others—due to higher transaction caps—will require approval by independent shareholders at an extraordinary general meeting. An Independent Board Committee, comprising all independent non-executive directors, has been formed to review the non-exempt agreements. An independent financial adviser has also been appointed.

The announcement adds that a circular containing details of these non-exempt agreements and their proposed annual caps, together with recommendations from the Independent Board Committee and the independent financial adviser, is expected to be dispatched on or before 10 December 2025. The company states that these new agreements are intended to continue and enhance its ordinary commercial management and operational activities beyond the current agreements’ expiry date.