CITIC ( (HK:0267) ) has provided an update.

CITIC has terminated its existing aluminium alloy hub and raw materials procurement framework agreement with controlling shareholder CITIC Group and replaced it with a new aluminium alloy hub procurement framework effective from 26 June 2026 to 31 December 2028. The move follows CITIC Group’s consolidation of additional aluminium alloy hub manufacturers into its accounts, turning them into connected persons and expanding the scale of intra-group hub procurement while discontinuing raw material purchases under the prior arrangement.

Under the new framework, CITIC group companies, including non-wholly-owned subsidiary CITIC Dicastal, will continue to source aluminium alloy hubs from CITIC Group–related entities on terms no less favourable than those offered by independent suppliers. The transactions are classified as continuing connected transactions under Hong Kong listing rules, triggering reporting and announcement obligations but remaining exempt from shareholder approval, and the company says existing transaction amounts remain within previously approved annual caps.

The most recent analyst rating on (HK:0267) stock is a Buy
with a HK$13.00 price target.
To see the full list of analyst forecasts on CITIC stock,
see the HK:0267 Stock Forecast page.