QIDIAN GUOFENG (01280) Subsidiary Guizhou Renhuai Enters Advertising Agreement with Junxiang

Stock News
Aug 29

QIDIAN GUOFENG (01280) announced that the company and its wholly-owned subsidiary Guizhou Renhuai have entered into an advertising agreement with Junxiang. Under the agreement, Guizhou Renhuai has appointed Junxiang to provide services for a three-year term, with a total consideration of RMB 450 million. The first year's consideration of RMB 150 million will be settled through the company's issuance and allotment of 33.61 million consideration shares to Junxiang.

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