Koolearn Renews Key Transactions with Shareholder

Koolearn Technology Holding Limited (HK:1797) has released an update.

Koolearn Technology Holding Limited has renewed its continuing connected transactions with New Oriental, a major shareholder controlled by Director Mr. Yu, including promotional services and goods provision. The transactions, which fall within certain reporting and review thresholds but avoid the need for independent shareholder approval, are set within annual caps based on a fair market rate and expectations of sales performance.

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