China Resources Mixc Lifestyle Services Limited (stock code: 1209) announced a revision of annual caps for the 2023 CR Land Property Leasing Framework Agreement. China Resources Land Limited (stock code: 1109), which holds approximately 72.29% of China Resources Mixc, is the controlling shareholder and a connected person under the Listing Rules.

According to the announcement, the original annual cap of RMB15 million for the Group’s estimated rental payment to CR Land Connected Persons for the financial year ending 31 December 2025 is expected to be insufficient. As of 30 September 2025, the lease amounts incurred and payable to CR Land Connected Persons had already reached approximately RMB12.643 million, representing around 84.3% of the original cap.

The revised arrangement increases the rental payment portion from RMB15 million to RMB30 million while leaving other sub-caps under the same framework agreement unchanged. The revision is attributed to the Group’s increased demand for operating lease space stemming from business growth in self-operated cosmetics and car parking space operations.

This adjustment remains subject to reporting, annual review, and announcement requirements under Chapter 14A of the Listing Rules but is exempt from shareholders’ circular and independent approval provisions. It was noted that certain non-executive directors linked to CR Land abstained from voting due to potential conflict of interest, while the rest of the board members who participated considered the amendment fair, reasonable, and beneficial to the Group’s ordinary and usual course of business.