Nanjing Leads Biolabs Co., Ltd. (Stock Code: 9887) released a clarification regarding its Exclusive Global License Agreement announcements dated October 16, 2025. According to the company, the second announcement, posted at 10:36 p.m. on the 「HKEX news」 website, includes additional information not found in the earlier version posted at 8:48 p.m.
The second announcement clarifies that the agreement includes an upfront payment of US$20 million, plus US$5 million in the fourth quarter of 2025, along with potential near-term milestone payments of up to US$13 million. The company stated this added detail was to enhance transparency by providing more information on potential near-term milestone payments. As a result, the revised announcement supersedes the earlier version.