King Fook Holdings Limited announced that on 15 December 2025, the company entered into an agreement to purchase diamond jewelleries from a vendor wholly owned by Mr. Sin, a non-executive director of the company, and his mother. The agreement covers a period from the date of signing to 14 September 2026, with an annual cap of HK$20 million on a cost plus agreed margin basis of 10% to 25%. The agreement follows previous purchases from the vendor totaling HK$1,367,642. The company stated that the agreement is in the ordinary course of business and that Mr. Sin abstained from voting on the relevant board resolution.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. King Fook Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251215-11955772), on December 15, 2025, and is solely responsible for the information contained therein.