Time Interconnect continues connected transactions with Luxvisions
Time Interconnect Technology Limited has entered into a continuing connected transaction with Luxvisions under a master supply agreement, where Time Interconnect will sell products according to Luxvisions' specifications. Luxvisions is deemed a connected person of the company due to relationships with significant shareholders and directors. The agreement is subject to reporting, annual review, and announcement requirements, but exempt from independent shareholder approval due to the applicable percentage ratios being between 0.1% and 5%. The agreement spans from May 6, 2025, to December 31, 2027. Proposed annual caps for the Luxvisions Master Supply Agreement are set at HKD5,000,000 for 2025, HKD10,000,000 for 2026, and HKD15,000,000 for 2027. Time Interconnect believes this agreement will provide a stable income source and broaden its customer base.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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