Tianneng Power International (HKG:0819) entered into a mutual supply agreement with Zhejiang Changtong Technology for three years that will supersede a previous agreement ending Dec. 31, 2026, a Thursday bourse filing said.
The firm will also revise annual purchase caps under the new agreement, valid until Dec. 31, 2027, as the previous purchase caps were insufficient to meet the company's business development needs.
Sale caps under the new agreement, which is subject to shareholder approval, will remain the same.
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