AsiaInfo Technologies Limited (HK:1675) has released an update.
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AsiaInfo Technologies Limited has entered into a one-year agreement with its substantial shareholder, AsiaInfo Security, to provide technological services and products, particularly in network security, starting January 2024. The agreement sets an annual cap for these recurring transactions, which are expected to exceed previous thresholds due to increased business needs. Compliance with the Listing Rules ensures the transactions are subject to reporting and review but do not require independent shareholder approval.
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