According to a joint announcement, Lai Sun Garment (International) Limited (191.HK) (LSG) and Lai Sun Development Company Limited (488.HK) (LSD) have agreed to renew their respective Financial Assistance Framework Agreements involving LSD and Lai Fung Holdings Limited (1125.HK) (LF). These renewals cover the provision of intercompany loans for a further term ending 31 December 2028.

LSG proposes two sets of annual caps at HK$350 million each per financial year (2026–2029) for potential loans to LSD and LF under the LSG-LSD and LSG-LF agreements. Meanwhile, LSD has set an annual cap of HK$1.5 billion (2026–2029) for potential loans to LF under the LSD-LF agreement. During the previous term, LSD provided approximately HK$565 million in loans to LF in the 2025 financial year.

The transactions constitute continuing connected transactions under Chapter 14A of the Listing Rules. LSG and LSD both announced that relevant shareholder approvals, including approval of the renewed annual caps, will be sought. LSG’s general meeting is scheduled for 19 December 2025, and LSD’s general meeting is also set for 19 December 2025, with the record date for both set on 15 December 2025.