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Hengdeli Holdings ( (HK:3389) ) has issued an update.
Hengdeli Holdings has renewed its framework arrangement with Primetime Group for the provision of shop design and decoration services, entering a 2026 Renewal Agreement that extends the relationship for one year from 1 January 2026 on substantially the same terms as its existing master services agreement. The renewed deal sets an annual cap of RMB20 million for 2026, based on historical transaction levels, expected service demand, and market conditions in the PRC, and is classified as a continuing connected transaction under Hong Kong listing rules, triggering reporting and annual review requirements but exempting the company from issuing a circular or seeking independent shareholders’ approval.
Primetime is deemed a connected person due to its indirect ownership by former chairman Zhang Yuping and his family links to current chairman and CEO Cheung Wing Lun Tony, meaning transactions under the agreement fall within the connected transaction regime designed to protect minority investors. Historical service transactions between Hengdeli and Primetime reached about RMB12.7 million in 2025, with roughly RMB2 million recorded in early 2026, suggesting the new cap provides headroom for further work while allowing the company to continue a steady stream of related-party business within the regulatory thresholds.
More about Hengdeli Holdings
Hengdeli Holdings Limited is a Hong Kong-listed company engaged in the provision of shop design and decoration services, primarily supporting retail and related commercial spaces in mainland China. The group also maintains longstanding business ties with connected parties through framework service agreements that structure recurring design and fit-out work within its ordinary course of business.
Average Trading Volume: 3,103,450
Technical Sentiment Signal: Buy
Current Market Cap: HK$757.5M
See more data about 3389 stock on TipRanks’ Stock Analysis page.