CHINA BRILLIANT GLOBAL (8026) released an announcement regarding a connected transaction under the Master Service Agreement 2025, originally executed on 27 June 2025. Due to oversight, the agreement was not disclosed in a timely manner, which resulted in a breach of Rule 20.33 under the GEM Listing Rules.

The company attributed the delay to an erroneous belief that, although exempted from independent shareholders’ approval requirements, the Master Service Agreement 2025 was also exempt from disclosure obligations. To address this lapse, the board and senior management of CHINA BRILLIANT GLOBAL have undertaken several remedial actions, including mandatory training on GEM Listing Rule Chapters 19 and 20, strengthening internal controls for notifiable and connected transactions, and appointing additional personnel to reduce over-reliance on the company secretary. The board also intends to appoint a legal practitioner by 31 March 2026 to further enhance compliance measures.

According to the announcement, CHINA BRILLIANT GLOBAL has updated its procedures to ensure prompt consultation with financial advisers and lawyers for any potential notifiable or connected transactions. The company emphasizes its commitment to fully comply with disclosure requirements and prevent similar incidents in the future.