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BII Railway Secures New Services Agreement with Parent
Company Announcements

BII Railway Secures New Services Agreement with Parent

BII Railway Transportation Technology Holdings Co., Ltd. (HK:1522) has released an update.

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BII Railway Transportation Technology Holdings has entered into a new 2024 Services Framework Agreement with its ultimate holding company, BII, to continue providing various services. The agreement, which follows the expiring 2021 framework, includes significant proposed annual caps for the years 2025 to 2027, indicating a substantial financial commitment. As the transactions exceed certain financial thresholds, they require independent shareholders’ approval.

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