Ulferts International Limited has announced an update regarding its tenancy transactions with Emperor International Group and AY Group. The company stated that it will streamline the process for reporting, announcement, and shareholders' approval, if necessary, for new or renewed tenancy agreements between the parties. The company will also obtain annual caps to reduce administrative burden and costs associated with compliance under the Listing Rules. All definitive leasing agreements will be negotiated on an arm's length basis, on normal commercial terms, or on terms no less favourable than those offered to independent third parties. The board of directors, including independent non-executive directors, consider these arrangements to be conducted in the ordinary and usual course of business, fair and reasonable, and in the interests of shareholders.