Bosideng renews outsourcing agreement with High German Company

Bosideng International Holdings (HKEX:3998) has renewed its framework agreement with High German Company for manufacturing outsourcing and agency services, effective September 15, 2025, and lasting three years. The agreement covers the outsourcing of down clothing production—including both finished and semi-finished products—and the procurement of necessary raw materials. High German Company is the ultimate beneficial shareholder of Bosideng. Under the terms, Bosideng has the right to adjust order volumes based on market conditions, while High German Company is obligated to accept these adjustments. Bosideng retains the right to engage other independent third parties for outsourcing needs and guarantees terms from High German Company are no less favorable than to other clients. The agreement, structured under standard commercial terms, requires High German Company to maintain adequate labor and facilities for outsourced tasks. The agreement is subject to approval by independent shareholders.