Cherish Sunshine International Limited (HK:1094) has released an update.
Cherish Sunshine International Limited has terminated the EPC Services Framework Agreement and the Master Purchase Framework Agreement due to potential credit risks associated with their connected party, Suzhou Aikang. The company decided that continuing these transactions is not in the best interest of the group. This cancellation of the agreements is not expected to materially impact the company’s business, operations, or financial position.
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