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Tong Ren Tang Technologies Co Renews Key Agreements with Tong Ren Tang Holdings

Story Highlights
  • Tong Ren Tang Technologies Co renews agreements with Tong Ren Tang Holdings for three years.
  • The agreements require independent shareholders’ approval due to significant transaction ratios.
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Tong Ren Tang Technologies Co Renews Key Agreements with Tong Ren Tang Holdings

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Tong Ren Tang Technologies Co ( (HK:1666) ) has provided an update.

Tong Ren Tang Technologies Co, a joint stock company incorporated in China, has announced the renewal of its Distribution Framework Agreement and Master Procurement Agreement with Tong Ren Tang Holdings for a term of three years, from January 1, 2026, to December 31, 2028. These agreements, which involve continuing connected transactions, require independent shareholders’ approval due to the applicable percentage ratios exceeding 5%. An extraordinary general meeting will be convened to seek this approval, and an Independent Board Committee has been established to advise shareholders, with an independent financial adviser appointed to assist.

More about Tong Ren Tang Technologies Co

YTD Price Performance: -3.99%

Average Trading Volume: 1,578,896

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$6.13B

See more data about 1666 stock on TipRanks’ Stock Analysis page.

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