Hengdeli (HKG:3389) has renewed a continuing connected transactions agreement with Primetime Group for the provision of shop design and decoration services, according to an April 17 Hong Kong bourse filing.

Shares of the consumer goods retailer were up nearly 4% in Monday morning trade.

The renewed agreement runs for one year on substantially the same terms as the previous arrangement.

The annual cap for the transactions has been set at 20 million yuan for 2026.

Primetime, which is engaged in the retail and wholesale of wristwatches and related after-sales services, is indirectly owned by the father of the company's chairman.