Damai Entertainment Renews Major Connected Transactions Framework with Alibaba’s Youku

Damai Entertainment Holdings Limited ( (HK:1060) ) has provided an announcement.

Damai Entertainment Holdings has entered into a new 2026 framework agreement between its subsidiary Beijing Damai and Alibaba Group’s Youku Technology to renew existing continuing connected transactions related to the transfer of copyrights and commissioned production cooperation for a further three-year term from April 1, 2026 to March 31, 2029, subject to independent shareholders’ approval. As the applicable percentage ratios for the highest annual caps exceed 5%, the renewed transactions are classified as continuing connected transactions under Hong Kong listing rules, triggering reporting, announcement, annual review and independent shareholders’ approval requirements, and the company has set up an independent board committee, appointed Altus Capital as independent financial adviser, and plans to issue a circular by March 3, 2026 to seek approvals, underscoring the strategic importance and regulatory sensitivity of its ongoing cooperation with Alibaba-related entities.

The most recent analyst rating on (HK:1060) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Damai Entertainment Holdings Limited stock, see the HK:1060 Stock Forecast page.

More about Damai Entertainment Holdings Limited

Damai Entertainment Holdings Limited is a Bermuda-incorporated company listed in Hong Kong, operating in the entertainment and media sector, with key business activities that include cooperation on content copyrights and commissioned production with major online video and technology platforms within the Alibaba Group ecosystem.

Average Trading Volume: 191,643,867

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$29.58B

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