Beijing Tong Ren Tang Technologies Co. Ltd. (Stock Code: 1666) released an announcement about the proposed renewal of certain continuing connected transactions, the appointment of a new non-executive Director, and details of an extraordinary general meeting (EGM) planned for 30 December 2025 in Beijing.

According to the announcement, the Company and China Beijing Tong Ren Tang Group Co., Ltd. (“Tong Ren Tang Holdings”) intend to renew their Distribution Framework Agreement and Master Procurement Agreement for three years from 2026 to 2028, subject to independent shareholders’ approval at the EGM. Under the renewed Distribution Framework Agreement, historical transaction amounts reached approximately RMB1.59 billion for 2023, RMB2.25 billion for 2024, and RMB1.70 billion for the first eight months of 2025; the proposed annual caps are RMB3.70 billion, RMB4.22 billion, and RMB4.82 billion for 2026, 2027, and 2028, respectively. Under the renewed Master Procurement Agreement, historical transaction amounts were approximately RMB187 million for 2023, RMB123 million for 2024, and RMB180 million for the first eight months of 2025; the proposed annual caps stand at RMB360 million, RMB400 million, and RMB450 million for the three years ending 31 December 2028.

The Company cites the extensive distribution channels of Tong Ren Tang Holdings for the sales of its products and the stable supply of raw materials for its production as key reasons for renewing both agreements. The EGM will also consider appointing Ms. Du Xin as a non-executive Director following the resignation of Mr. Chen Fei, who will step down upon the conclusion of the EGM. The Board recommends shareholders vote in favor of the proposed connected transactions, annual caps, and board change during the upcoming meeting.