Man Sang International Limited has announced a connected transaction relating to a lease agreement involving its wholly-owned subsidiary, Lijiang Hotel, in the PRC. The company, which is principally engaged in property management, property leasing, renovation, and hotel operations, disclosed that Chairman Hu Xingrong abstained from voting on the board resolution approving the lease agreement due to his material interest in the transaction. No other directors had any material interest or were required to abstain from voting.
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