Topsports Revises Annual Caps in Logistics Agreement with Li Xun

Topsports International Holdings Limited ( (HK:6110) ) has shared an update.

Topsports International Holdings Limited has announced a revision to its existing annual caps under the 2024 Logistics Services Framework Agreement with Li Xun, a connected person due to its association with Belle International. The revised annual caps for logistics services fees are set at RMB 658.2 million for the year ending February 28, 2026, and RMB 698.0 million for the year ending February 28, 2027. This revision requires compliance with Chapter 14A of the Listing Rules, but the transactions remain exempt from circular and independent shareholder approval requirements. The amendment is expected to impact the company’s financial operations, reflecting a strategic adjustment in its logistics service agreements.

The most recent analyst rating on (HK:6110) stock is a Hold with a HK$2.55 price target. To see the full list of analyst forecasts on Topsports International Holdings Limited stock, see the HK:6110 Stock Forecast page.

More about Topsports International Holdings Limited

Topsports International Holdings Limited operates in the logistics industry, providing logistics services as its primary product. The company is associated with Belle International and has substantial shareholders such as Hillhouse HHBH and WMVL.

Average Trading Volume: 31,483,247

Technical Sentiment Signal: Sell

Current Market Cap: HK$20.34B

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