Veeko International Holdings Limited announced the renewal of a licence agreement for the use of certain premises by its wholly-owned subsidiary, Colourmix Cosmetics Company Limited. The renewed agreement provides Colourmix Cosmetics with the right to use the premises for a term of three years, from 27 July 2023 to 26 July 2026. The transaction is classified as a discloseable transaction under Chapter 14 of the Hong Kong Stock Exchange Listing Rules, as one of the applicable percentage ratios exceeds 5% but is less than 25%. The transaction is subject to reporting and announcement requirements.
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