TONGRENTANGCM (03613.HK): Enters E-commerce Service Cooperation Framework Agreement with Tong Ren Tang Digital Technology, Launching Cross-Border E-commerce Business

NewTimeSpace News: On 28 August 2026 after trading hours, Beijing Tong Ren Tang Chinese Medicine Company Limited (stock code: 03613) announced that the Company had entered into an e-commerce service cooperation framework agreement with Tong Ren Tang Digital Technology, under which the digital technology group will provide e-commerce services to the Group's members for "Tong Ren Tang" branded products, including health foods, Chinese medicine products, daily chemical products and cultural and creative products, across e-commerce channels such as JD.com, Tmall and Douyin, for the period from 28 August 2026 to 31 December 2028.

According to the announcement, the proposed annual caps under the framework agreement (excluding PRC value-added tax) are HKD 1,520,000 for the period from 28 August to 31 December 2026, HKD 7,500,000 for 2027 and HKD 9,000,000 for 2028. The digital technology group will charge fees on fair and reasonable terms no less favourable than normal commercial terms, with specific fees to be agreed in separate e-commerce service agreements. The agreement marks the official launch of the cross-border e-commerce business for "Tong Ren Tang" branded products in mainland China.

As Tong Ren Tang Co., Ltd. (holding approximately 71.67%) is the controlling shareholder and holds approximately 51% of Tong Ren Tang Digital Technology, the framework agreement constitutes a continuing connected transaction of the Company. As the applicable percentage ratios in respect of the proposed annual caps exceed 0.1% but are below 5%, the transactions are subject to the reporting, announcement and annual review requirements but are exempt from independent shareholders' approval.

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