Yau Lee Holdings Limited has announced a supplemental agreement related to its insurance transactions. The company has formalized insurance agreements with Asia Insurance as the service provider, selected after evaluating multiple quotations based on factors such as fee quotation, policy coverage, and service provider reputation. The annual premium for each agreement was calculated by multiplying the insurance plans' rates with the employee numbers assigned to each plan. This decision is part of Yau Lee Holdings Limited's strategy to secure favorable commercial terms that are fair and beneficial for the company and its shareholders. The terms were determined following comprehensive market research and negotiations conducted at arm's length.
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