New Gonow Recreational Vehicles Inc. Announces Revision of Annual Caps for RV Parts Purchase Agreement

Reuters
2025/08/31
New Gonow Recreational Vehicles Inc. Announces Revision of Annual Caps for RV Parts Purchase Agreement

New Gonow Recreational Vehicles Inc. has announced a revision of the existing annual caps for its RV Parts Purchase Framework Agreement. The agreement, originally set with caps of approximately RMB15.00 million, RMB18.99 million, and RMB19.89 million for the years ending December 31, 2026, is being revised due to the company's ongoing business expansion and increased demand for a broader range of RV parts. This includes parts for existing RV models, six newly introduced hybrid off-road towable RVs under the Snowy River brand, and anticipated new RV models. The supplemental agreement, entered into by Xing Longtree, a wholly-owned subsidiary of New Gonow, and Shangqiu Jishun, is expected to accommodate the exceeding transaction amounts projected for the years ending December 31, 2025, and December 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Gonow Recreational Vehicles Inc. published the original content used to generate this news brief on August 31, 2025, and is solely responsible for the information contained therein.

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