Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) just unveiled an announcement.

Red Star Macalline’s subsidiary Chengdu Tianfu Macalline has signed a framework agreement with C&D Construction to provide entrusted construction management and sales services for the Tianfu New District Project from 18 June 2026 to 17 June 2029. The services cover planning and design management, including coordination of multiple design units and cost-constrained product planning, as well as project cost management through target cost formulation and dynamic tracking.

Because C&D Construction is an indirect subsidiary of substantial shareholder Xiamen C&D, the deal is classified as a continuing connected transaction under Hong Kong listing rules, triggering reporting, announcement and annual review obligations but exempting the company from circular and independent shareholders’ approval requirements. Two directors abstained from voting due to conflicts of interest, underscoring governance compliance as the company deepens cooperation with a major shareholder on a key development project.