Tianjin Jinran Secures Key Procurement Deal

Tianjin Jinran Public Utilities Co. Ltd. Class H (HK:1265) has released an update.

Tianjin Jinran Public Utilities Co. Ltd. has entered into a Framework Agreement with Tianjin Yunfu for the procurement of Goods and Materials with a cap of RMB9 million, effective until the end of 2024. The deal, characterized as a continuing connected transaction, adheres to reporting requirements but is exempt from independent shareholder approval. The purchase terms include a quality warranty of two years, competitive tender selection, and payment from internal resources without reliance on past transactions.

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