E-Commodities Holdings (HKG:1733) and Xiangyu Joint Stock have entered into the 2024 mutual supply framework agreement, effective Dec. 3 1, to renew their business collaboration, according to its filing on Tuesday.

This follows the expiration of the previous 2021 agreement, ensuring continued exchange of products and services.

The partnership aims to enhance market competitiveness by leveraging joint resources, particularly in expanding Sino-Mongolia operations. The board has approved the agreement, deeming it fair, reasonable, and beneficial for stakeholders.