Summary by Moomoo AI
Niseko's Tea Holdings Limited (the “Company”) issued a supplemental notice on May 2, 2024 detailing the annual cap on the ongoing connected transaction and the Fresh Warehousing and Distribution Services Framework Agreement with Bunyi Summer. The announcement noted that taking into account the buffer of 2024 summer peak season, business expansion and unexpected fluctuations, the 2024 ceiling was set at RMB 36 million. In addition, the growth of the franchise business is expected to drive an increase in demand for fresh warehousing and delivery services due to the opening of tea in July 2023 and the optimization of contractor requirements in February 2024. The members of the Board of Directors include Executive Director Mr. Zhao Lin, Ms. Peng Xin, Mr. Tang Bin, Non-Executive Director Mr. Wei Guoxing, Mr. Wong Tak Wei, and Independent Non-Executive Directors Mr. Liu Xiuwei, Ms. Zhang Rei, and Mr. Xie Yong Ming.
