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IMAX China Holding ( (HK:1970) ) has provided an announcement.
IMAX China Holding has amended its existing services agreements between IMAX Corporation and its subsidiaries IMAX Shanghai Multimedia and IMAX Hong Kong, effective 1 December 2025, to update and broaden the scope of services and the range of activities subject to variable service fees, while keeping other key terms unchanged. The board has raised the annual caps for aggregate fees payable under these services agreements to HK$20.8 million for each of 2025 and 2026, and set new annual caps of HK$4 million per year for 2026–2028 under the IMAX Shanghai Services Agreement; as these continuing connected transactions with controlling shareholder IMAX Corporation fall within the 0.1%–5% threshold of the Hong Kong Listing Rules, they are exempt from independent shareholders’ approval but remain subject to reporting and announcement requirements, with conflicted directors abstaining from the vote.
The most recent analyst rating on (HK:1970) stock is a Hold with a HK$8.50 price target. To see the full list of analyst forecasts on IMAX China Holding stock, see the HK:1970 Stock Forecast page.
More about IMAX China Holding
IMAX China Holding, Inc., incorporated in the Cayman Islands and listed in Hong Kong, operates as part of the IMAX group, providing large-format cinema technology and related services in Greater China through subsidiaries including IMAX Shanghai Multimedia, IMAX Hong Kong and IMAX Shanghai Services.
YTD Price Performance: 14.38%
Average Trading Volume: 85,961
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.86B
Learn more about 1970 stock on TipRanks’ Stock Analysis page.