Diwang Industrial Announces New Sale Agreement Strategy

Diwang Industrial Holdings Limited (HK:1950) has released an update.

Diwang Industrial Holdings Limited has announced a three-year Sale Agreement between its subsidiary, Zhejiang Sunlight, and Hangzhou Sunlight for the supply of products with annual sales capped at less than HK$10 million. The transaction, deemed a continuing connected transaction due to shared ownership interests, is exempt from shareholder approval but will be subject to annual review under Hong Kong’s Listing Rules. This strategic move reflects the company’s adaptation to market demands and ongoing business relationships.

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