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Top Form International Limited ( (HK:0333) ) just unveiled an update.
Top Form International Limited has entered into a seventh renewal agreement with its substantial shareholder VDV to continue supplying ladies’ intimate apparel for a further three years from 1 July 2026 to 30 June 2029. The arrangement extends a long-standing commercial relationship under a master agreement governing recurring sales to VDV.
Because VDV holds about 25.66% of Top Form and is controlled by non-executive director Herman Van de Velde, the renewed supply arrangement is classified as a continuing connected transaction under Hong Kong listing rules. As certain percentage ratios exceed 5%, the deal requires reporting, public announcement, independent shareholders’ approval and annual review, and an Independent Board Committee and financial adviser have been appointed, with a circular to be sent to shareholders by 15 May 2026.
The transactions are considered revenue in the ordinary and usual course of business and are exempt from separate transaction classification under another chapter of the Listing Rules. The renewal reinforces the stability of Top Form’s revenue base from a key shareholder-customer while subjecting the relationship to enhanced governance and minority shareholder safeguards through independent review and approval mechanisms.
More about Top Form International Limited
Top Form International Limited is a Bermuda-incorporated company listed in Hong Kong, operating in the apparel manufacturing industry with a focus on ladies’ intimate apparel. The group supplies these products to brand and retail partners, including VDV, a substantial shareholder and long-term customer, reflecting its role in the global lingerie supply chain.
Average Trading Volume: 58,265
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$65.63M
See more insights into 0333 stock on TipRanks’ Stock Analysis page.