Guoquan Food (Shanghai) (HKG:2517) entered into a procurement framework agreement to purchase alcoholic beverages from Henan Songhe Liquor and its subsidiaries, according to a Wednesday Hong Kong bourse filing.

Shares of the home meal product company were down nearly 1% in Thursday morning trade.

The agreement runs from Feb. 4 through Dec. 31, and covers the supply of alcoholic beverages for the group's daily consumption and distribution.

The company set an annual cap of 200 million yuan for the period.

Pricing will be determined on normal commercial terms and benchmarked against comparable market products, the filing said.