Fulum Group Inks Purchase Deal with Connected Supplier

Fulum Group Holdings Ltd. (HK:1443) has released an update.

Fulum Group Holdings Ltd. has entered into a Master Purchase Agreement with the supplier Sam Yeung Tai, effective from August 14, 2024, to March 31, 2027, for the procurement of various goods including seafood and food products. This agreement involves connected transactions as the supplier is associated with the company’s controlling shareholders. The transactions fall within the reporting and annual review requirements but are exempt from independent shareholder approval.

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