Eagle Nice Renews Connected Transactions Framework with Li Ning Through 2027

The latest announcement is out from Eagle Nice (International) Holdings Ltd. ( (HK:2368) ).

Eagle Nice (International) Holdings has announced that its previous framework agreements governing sales of sportswear products to Li Ning Group expired on 31 December 2025 and will be renewed via new framework agreements effective from 1 January 2026 to 31 December 2027, with sales to continue through its subsidiaries Dongneng, EN (Foshan), EN (Yifeng) and LN Kidswear. As Li Ning holds a 20% stake in Dongneng, these renewed agreements are classified as continuing connected transactions under Hong Kong listing rules, requiring disclosure, annual reporting and review but exempt from circular and independent shareholders’ approval, thereby allowing Eagle Nice to maintain a key customer relationship and revenue stream while operating under defined regulatory oversight; historical sales to Li Ning under the existing caps reached RMB577.7 million in FY2024/25 and RMB465.3 million in the nine months to 31 December 2025 against annual caps of RMB850 million.

The most recent analyst rating on (HK:2368) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Eagle Nice (International) Holdings Ltd. stock, see the HK:2368 Stock Forecast page.

More about Eagle Nice (International) Holdings Ltd.

Eagle Nice (International) Holdings Ltd. is a Hong Kong-listed manufacturer in the sportswear and apparel industry, producing finished sportswear products through subsidiaries including Dongneng, EN (Foshan) and EN (Yifeng). The group supplies branded sportswear, notably to Li Ning Group, reflecting a market focus on contract manufacturing for major sportswear brands in mainland China.

Average Trading Volume: 98,182

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.1B

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