Transtech Renews Key License Agreement

Transtech Optelecom Science Holdings Limited (HK:9963) has released an update.

Transtech Optelecom Science Holdings Limited has announced the renewal of their premises license agreement with Futong Group International, securing the occupation of their Tai Po Industrial Estate location for another year, from July 1, 2024, to June 30, 2025. The deal between Transtech and the Futong Group, a connected person through a common controlling shareholder, is significant enough to require an announcement and routine reviews but does not necessitate independent shareholder approval. The agreement assures that Transtech will continue its operations at the established premises under fair and reasonable terms.

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