Huazhang Renews Metal Scrap Sales Agreement

Huazhang Technology Holding Ltd. (HK:1673) has released an update.

Huazhang Technology Holding Ltd. has renewed its master sales agreement with a connected customer for the continued sale and purchase of metal scraps, like aluminum and copper, from August 6, 2024, to June 30, 2025. The terms of the renewal remain consistent with the original agreement, emphasizing arm’s length transactions and market price-based sales. Payment terms require full payment upon order confirmation, mirroring the company’s standard practices with its other independent purchasers in the PRC.

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