BAIOO (2100) Renews Continuing Connected Transactions with Tencent (700) for WeChat Pay Services

Bulletin Express

Feb 05

BAIOO Family Interactive Limited (2100) announced on 5 February 2026 the renewal of its continuing connected transaction with Tenpay, a subsidiary of Tencent (700), under the 2026 Guangzhou Baitian - WeChat Pay Service Agreement. The agreement runs from 24 February 2026 to 23 February 2027 and involves payment-related services for BAIOO’s online gaming platforms.

Tencent indirectly holds approximately 11.37% of BAIOO’s total issued share capital, making the transaction subject to Chapter 14A of the Listing Rules. The applicable percentage ratio in reference to the WeChat Pay Annual Cap of RMB6,000,000 exceeds 0.1% but remains below 5%, requiring reporting, annual review, and announcement but not independent shareholders’ approval. BAIOO explained that WeChat Pay’s dominance among PRC internet users contributes to a seamless payment experience, enhancing customer satisfaction with the company’s products and services.

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