CROSSTEC Group Holdings Ltd. (HK:3893) has released an update.
CROSSTEC Group Holdings Ltd has entered into a significant distribution agreement granting them exclusive rights to reproduce, distribute, and publish a pixelated graphics idle RPG in an unnamed territory for five years, with an option for a one-year extension. The deal includes a minimum guarantee payment of USD500,000 and a monthly fee of 15% of gross revenue from the game, with provisions for the fees to be set off against the initial guarantee. This transaction is classified as discloseable under the Listing Rules, indicating a potential impact on the company’s financial position.
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