Summary by Moomoo AI
Tianli International Holdings Limited announced that it will sign a three-year school construction framework agreement with its wholly-owned subsidiary Nan Yuan Construction from September 1, 2024 to August 31, 2027. This agreement is a continuing related transaction between the company and Nan Yuan Construction, which is indirectly owned by Mr. Luo Shi, a controlling shareholder of the company, holding about 75.80% equity. According to the agreement, Nan Yuan Construction will provide construction-related services to Tianli Education and its subsidiaries and schools, including school construction, expansion, and renovation projects. The service fees will be calculated based on market conditions and charged at a cost plus premium of 9% to 11%. The company expects to open about three to five self-operated schools in the next...Show More