Luen Thai Holdings Limited announced a revision of the annual caps for its continuing connected transactions under the Master Subcontracting Agreement with Shangtex HK. The agreement, which covers the provision of subcontracting services for the manufacturing of apparel products, is effective from 1 July 2025 to 31 December 2027. The transactions under this agreement are subject to reporting, announcement, and annual review requirements under Chapter 14A of the Hong Kong Listing Rules but are exempt from independent shareholders' approval. The revision follows a review and assessment by the Board. No further details on specific contract values or new orders were disclosed.
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