Kuaishou Technology Class B (HK:1024) has released an update.
Kuaishou Technology, a Cayman Islands-based company controlled through weighted voting rights, anticipates that the service fee caps under its 2023 agreements for marketing, promotion, cloud, and technical services will be insufficient through 2026. Consequently, the company, via its subsidiary, has entered into supplemental agreements with Tencent Computer to revise these caps. These changes are subject to annual review and reporting requirements but are exempt from independent shareholder approval.
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