OneConnect Financial Technology (HKG:6638) is renewing several agreements with controlling shareholder Ping An Insurance (Group) (HKG:2318, SHA:601318) expiring Dec. 31, a Monday bourse filing said.

The contracts comprise agreements for the purchasing and provision of products and services, the purchasing of financial services, and the leasing of property.

The new agreements have a three-year term starting Jan. 1, 2025, and ending Dec. 31, 2027.

Shares of the financial services provider were up nearly 3% in recent trade.