ASIARAY (01993) enters into franchise agreement with Zhongxin (Hainan)
ASIARAY (01993) announced that on October 29, 2026, Shanghai ASIARAY, an indirectly wholly-owned subsidiary of the Company, entered into a franchise agreement with Zhongxin (Hainan), pursuant to which Shanghai ASIARAY was granted a franchise by Zhongxin (Hainan) to use and operate advertising and media resources for a term of five (5) years, renewable for a further three (3) years. The total franchise fee for the term shall not exceed RMB180 million (excluding VAT), subject to additional revenue-based franchise fees that may be payable under the franchise agreement.
ASIARAY (01993) announced that on October 29, 2026, the Company's indirectly wholly-owned subsidiary Shanghai ASIARAY and Zhongxin (Hainan) entered into a franchise agreement, pursuant to which Shanghai ASIARAY was granted by Zhongxin (Hainan) the franchise rights to use and operate advertising and media resources for a term of five (5) years, renewable for a further three (3) years. The total franchise fee for the term shall not exceed RMB180 million (excluding VAT), subject to additional revenue-based franchise fees that may be payable under the franchise agreement.
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