Solomon Systech (International) Ltd. (HK:2878) has released an update.
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Solomon Systech has entered into a Testing Service Framework Agreement with Beijing ChipAdvanced to obtain IC-related testing services from December 2024 to December 2026. This deal, considered a continuing connected transaction under Hong Kong’s Listing Rules, involves service fees based on market conditions and competitive negotiations. The agreement exempts Solomon Systech from independent shareholder approval due to the relatively low transaction value.
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