HK Stock Market Move | Capital Airport (00694) rises more than 3%, advertising business and international retail business management fees are lowered

Capital Airport (00694) rose more than 3%, up 3.57% to 2.32 Hong Kong dollars as of press time, with a turnover of 12.0486 million Hong Kong dollars. On the news front, Capital Airport announced a supplemental agreement on the advertising business and international retail business entrusted management agreement. According to the supplemental agreement, the entrusted management fee rate for the international retail business by the commercial trading company was reduced from 20% to 10%, and the entrusted management fee rate for the advertising business by the media company was reduced from 22% to 16%; the effective period is from September 19, 2024 to the end of 2026. In addition, the upper limit of related party transactions for international retail entrusted management from 2024 to 2026 was reduced from the original 2.4, 3.7, 5.1 billion yuan to 0.9, 1.1, 1.4 billion yuan, and the upper limit of related party transactions for advertising business entrusted management was reduced from the original 2.0, 2.5, 2.7 billion yuan to 1.51, 1.70, 1.92 billion yuan. Zhongjin believes that the continuous improvement of entrusted management fee rates will help reduce the company's costs.