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Wise Living Renews Connected Supply Deal With Shuangliang Boiler

Story Highlights
  • Wise Living signed a new three-year master agreement to purchase heat services equipment and related services from Shuangliang Boiler.
  • The renewed deal is a continuing connected transaction under Hong Kong rules, requiring disclosure but no independent shareholder approval as interested directors abstained.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Wise Living Renews Connected Supply Deal With Shuangliang Boiler

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Wise Living Technology Co., Ltd Class H ( (HK:2481) ) has shared an announcement.

Wise Living Technology Co., Ltd has renewed its core supply relationship with related party Shuangliang Boiler by signing a new three-year master agreement for the purchase of heat services-related equipment, devices, materials and supporting services, effective from 8 April 2026 to 31 December 2028. The deal is classified as a continuing connected transaction under Hong Kong Listing Rules because Shuangliang Boiler is controlled by a major shareholder of Wise Living, triggering reporting, annual review and announcement requirements but exempting the company from obtaining independent shareholders’ approval, while interested directors abstained from voting to manage conflicts of interest.

More about Wise Living Technology Co., Ltd Class H

Wise Living Technology Co., Ltd is a PRC-incorporated company listed in Hong Kong that operates in the heat services and related equipment sector. The group focuses on procuring and using heat services-related equipment, devices and materials, along with associated supporting services, to support its operations in the heating and thermal solutions market.

Average Trading Volume: 9,888

Technical Sentiment Signal: Buy

Current Market Cap: HK$823.4M

Learn more about 2481 stock on TipRanks’ Stock Analysis page.

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