Deewin Tianxia to Renew Procurement, Supply Deals with Shaanxi Automobile for Three More Years

MT Newswires Live

2024-12-19

Deewin Tianxia (HKG:2418) agreed to renew its purchase and supply agreements with Shaanxi Automobile Holding Group for another three years ending Dec. 31, 2027, a Wednesday Hong Kong bourse filing said.

Under the renewed agreements, the group will continue to procure certain products and services including commercial automobiles, automobile components, management and storage services, and leasing services from Shaanxi Automobile Holding Group.

The annual transaction caps are set at 688.4 million yuan for 2025, 911.2 million yuan for 2026, and 1.17 billion yuan for 2027.

Under the renewed supply deal, the group will continue to provide certain products and services to the Shaanxi Automobile Holding Group including supply chain, intelligent IoV products, aftermarket products, new energy batteries, and certain data-related services among others.

The annual caps for supply transactions are set at 1.80 billion yuan for 2025, 2.09 billion yuan for 2026, and 2.30 billion yuan for 2027.

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