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China Best Group's Franchise Agreement for Centralized Heating Gets Terminated
China Best (00370.HK): Yuncheng Baoshihua is currently communicating with the Yuncheng Management Committee regarding the termination agreement.
China Best (00370.HK) announced on August 8th that on December 31, 2020, its wholly-owned subsidiary Yuncheng Baoshihuai Energy Technology Co., Ltd. (Yuncheng Baoshihuai) and the Management Committee of Yuncheng Economic and Technological Development Zone (Yuncheng Management Committee) signed an exclusive franchise agreement for a period of 30 years, regarding the provision of centralized heating services to the licensed area of Yuncheng Economic and Technological Development Zone. The Board of Directors of the company hereby informs shareholders and potential investors that the Yuncheng Management Committee has delivered a notice dated July 22, 2024 to Yuncheng Baoshihuai and decided to act based on the franchise.
Express News | China Best Group Holding Ltd - Yuncheng Management Committee Served a Notice Dated 22 July 2024
Express News | China Best Group Holding Ltd - Termination of Franchise Agreement
China Best Group Holding's Fiscal 2024 Loss Narrows
China Best's subsidiary signed a strategic framework agreement with China Broadcasting Ningxia Network.
China Best (00370) issued an announcement that recently, Shenzhen Number Wiz Intelligent Computing Technology Co., Ltd. (Shenzhen Number Wiz, a subsidiary without full ownership of the company) signed a strategic framework agreement with China Broadcasting Ningxia Network Co., Ltd. (strategic partner) on the strategic cooperation covering the development of artificial intelligence, various computing services and advanced computing infrastructure. The strategic cooperation will help build the most important data center in Zhongwei, Ningxia and promote the development of digital economy. According to the framework agreement, through participating in the construction of the Zhongwei data center, the two parties will use their respective resources and professional knowledge to carry out a series of investments and cooperation in the field of computing and digital economy related projects.
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