Summary by Moomoo AI
GCL Technology Holdings Limited (GCL Technology) announced that it expects to continue to conduct a number of recurring transactions based on ongoing connected transactions with Tianjin Cirurio and Inner Mongolia Central. The company signed a cooperation framework agreement with Tianjin Cirurio on January 29, 2021, agreeing to sell a total of 35 million tons of polysilicon between 2022 and 2026. IN ADDITION, THE COMPANY'S INDIRECT NON-WHOLLY OWNED SUBSIDIARY, GAJIA SOLAR, SIGNED A THREE-PART PROCUREMENT FRAMEWORK AGREEMENT WITH CENTRAL INNER MONGOLIA IN JANUARY 2024, AGREEING TO PURCHASE A TOTAL OF 19,948 TONNES OF MONOCRYSTAL BARS. These transactions are subject to declaration, announcement and annual review in accordance with the provisions of Chapter 14A of the Securities Listing Rules of Hong Kong United Exchange Limited. The Company...Show More