On 25 October 2022, the China Resources Land Limited's subsidiary CR Mixc Lifestyle entered into the 2023 Goods and Services Procurement Framework Agreement, the 2023 Value-added Services Framework Agreement and the 2023 Property Management Services Framework Agreement with CRH, and entered into the 2023 Deposits and Financial Services Framework Agreement with CR Bank; on 30 June 2025, CR Mixc Lifestyle entered into the 2025 Membership Operation and Marketing Business Framework Agreement with CRH. As the aforesaid agreements will expire on 31 December 2025, on 29 October 2025, CR Mixc Lifestyle entered into the CR Mixc Lifestyle CCT Framework Agreements with CRH and CR Bank, respectively, whereby the annual caps are also renewed under the CR Mixc Lifestyle CCT Framework Agreements. The CR Mixc Lifestyle Group may, from time to time, procure from the CRH Connected Persons certain types of goods and services which include staff uniforms, food items, utilities (gas and electricity) and technical services which are aggregated by the CR Mixc Lifestyle Group to streamline the CR Mixc Lifestyle Group's management of these transactions.
The CR Mixc Lifestyle Group may from time to time provide value- added services to the CRH Connected Persons for the residential properties and other non-commercial properties developed and/or owned by them. The value-added services include community value-added services (such as community living services and brokerage and assets services) and value-added services to property developers (such as consultancy services, preliminary preparation services and pre- delivery marketing coordination services). Subject to any guidance price which may be published or imposed by the governmental authorities, the service fees for the provision of community value-added services shall be determined after arm's length negotiations between the parties with reference to (i) the scope and standard of the services to be provided, (ii) the type, location and floor area of the properties, (iii) the anticipated operational costs (including labour costs, material costs and administrative costs) for providing such services, and (iv) the charging rates generally offered by the CR Mixc Lifestyle Group to independent third parties for similar services taking into account the prevailing market rates for similar services in the open market and the historical charging rates during the two years ended 31 December 2024 and the six months ended 30 June 2025.
In identifying the prevailing market rates, the CR Mixc Lifestyle Group will obtain the rates of similar services (in terms of scope and standard) offered to similar properties (in terms of type, location and floor area) in the market by collecting marketing information via research. Depending on the specific community value-added services, the CR Mixc Lifestyle Group shall adopt one of the following: (i) market-based pricing, (ii) cost-based pricing, (iii) demand-based pricing, (iv) strategically oriented pricing or (v) differential pricing.
