MILLIONHOPE IND (01897.HK), HANISON (00896.HK): Renewed Framework with HK$80m Annual Caps

NewTimeSpace News: On 11 November 2026, after trading hours, Hanison Construction Holdings Limited (stock code: 896) and Million Hope Industries Holdings Limited (stock code: 1897) entered into a new framework agreement renewing the terms of the existing one, which expires on 31 March 2027.

Subject to approval by their respective independent shareholders at separate extraordinary general meetings, the new agreement runs from 1 April 2027 to 31 March 2030 (inclusive). Under it, Million Hope group members may submit quotations or tenders for construction projects and, if selected, Hanison group members as main contractor must engage them. The annual caps for each of the three years (2027/28, 2028/29 and 2029/30) are HK$80,000,000.

CCM Trust holds 487,702,041 Hanison shares (about 45.44%) and 195,104,050 Million Hope shares (about 48.49%). As Million Hope is a company over 30% controlled by CCM Trust, it is an associate of CCM Trust and therefore a connected person of Hanison, making the new agreement continuing connected transactions for both. As the highest applicable percentage ratio for the annual caps exceeds 5% and the total exceeds HK$10,000,000, the transactions require reporting, announcement, annual review and independent shareholder approval; CCM Trust, Mr Cha Mou Zing and their respective associates must abstain from voting.

Hanison and Million Hope will each convene an EGM to seek independent shareholder approval and have formed independent board committees and appointed independent financial advisers. Circulars containing details, the annual caps and the advisers' opinions are expected to be despatched by 2 December 2026.

**Tags**

MILLIONHOPE IND | 01897.HK | HANISON | Continuing Connected Transaction | Framework Agreement

**Summary**