HK Stock Market Move | DONGYUE GROUP (00189) rose more than 4% recently signed an important framework agreement with Dongyue Hydrogen Energy.

DONGYUE GROUP (00189) rose more than 4%, with an increase of 4.26% at the time of writing, reaching HKD 8.07, with a turnover of HKD 2854.04 million. On the news front, recently, DONGYUE GROUP announced that it has entered into a "Renewal Raw Material Supply, Product Sales and Other Transaction Framework Agreement V" with Dongyue Hydrogen Energy, which will expire on December 31, 2025. According to the agreement, Dongyue Fluorosilicon Technology and its subsidiaries will provide Dongyue Hydrogen Energy with the raw materials and related services needed for production, and vice versa. The announcement stated that Dongyue Hydrogen Energy will provide hydrogen energy raw materials and related services to Dongyue Fluorosilicon Technology and its subsidiaries. According to past transaction data, Dongyue Hydrogen Energy paid approximately 215 million yuan to Dongyue Fluorosilicon Technology for the year ending December 31, 2023, and approximately 95.75 million yuan for the period from January 1, 2024 to November 30, 2024, all within the annual limits. In addition, the agreement stipulates an annual sales limit of 59.20 million yuan and an annual purchasing limit of 151 million yuan.