Changjiu Holdings Ltd. has announced new continuing connected transactions involving the Logistics Services Framework Agreement and the Automobiles Sales Cooperation Agreement. The agreements are structured to leverage Changjiu Automobile Group's network and expertise in marketing and aftersales services, aligning with the company's long-term strategy to expand its sales channels in the People's Republic of China (PRC). The company believes these agreements will bolster its sales volume and support its long-term business development goals. The terms of the agreements have been deemed fair and reasonable by the board, and are said to be in the interests of the company and its shareholders. An Extraordinary General Meeting (EGM) will be convened to approve the agreements and the related transactions.
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