Aowei Holding Ltd. Announces Renewal of Premises Tenancy Agreement with Ritan Club
Reuters
Oct 02, 2025
Aowei Holding Ltd. Announces Renewal of Premises Tenancy Agreement with Ritan Club
Aowei Holding Limited has announced the renewal of a tenancy agreement between its indirect subsidiary, Laiyuan Aowei, and Ritan Club. The new contract, referred to as the 2025 Tenancy Agreement, was entered into on 1 October 2025 following the expiration of the previous agreement on 30 September 2025. Ritan Club is wholly owned by Aowei Group, which is 99% owned by Mr. Li Yanjun, Chairman and controlling shareholder of Aowei Holding Limited, and 1% owned by Mr. Li Xiaojun. As a result, the transaction constitutes a connected transaction under the Listing Rules. The transaction is subject to reporting and announcement requirements but is exempt from the requirements for a circular and shareholders' approval, as its highest applicable percentage ratio exceeds 0.1% but is less than 5%.
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