Chenqi Technology Ltd. Announces Revised Annual Caps Under Marketing Promotion Agreement with Tencent
Reuters
Sep 09
Chenqi Technology Ltd. Announces Revised Annual Caps Under Marketing Promotion Agreement with Tencent
Chenqi Technology Ltd. has announced a further revision of its existing annual caps under the Marketing Promotion Services Framework Agreement. This development involves the Third Supplemental Marketing Promotion Services Framework Agreement, entered into between Chenqi Technology and Shenzhen Tencent Computer Systems Company Limited, a subsidiary of Tencent Holdings Limited. The agreement aims to amend the existing terms in relation to marketing promotion services. The Independent Financial Adviser has deemed the revised terms fair and reasonable, aligning with the company's interests and those of its shareholders. Due to their positions within Tencent, non-executive directors Mr. Zhong Xiangping and Ms. Bai Hui abstained from voting on the relevant Board resolutions.
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