ST HLDGS (08305.HK): Signs Procurement Pact with RMB 100m Annual Minimum
- The cooperation covers business introduction and procurement: Letian Investment will introduce external supply chain businesses such as big health, community consumption and beauty to the Group's platform, and intends to procure through the Group's subsidiary Fuping Shengtang Food Technology Co., Ltd., committing to purchase the Group's goat milk products for five consecutive years at a proposed annual minimum of about RMB 100,000,000.
- The parties agreed to further explore deeper capital cooperation based on business development and performance; the agreement was entered into on 28 September 2026.
NewTimeSpace News: On 11 October 2026, Sheng Tang Holdings Limited (stock code: 08305) announced that on 28 September 2026 it entered into a procurement cooperation agreement with independent third-party partner Letian Investment Holding (Guangdong) Group Co., Ltd., with both parties intending to establish a long-term industrial partnership to jointly build a supply chain business operation platform.
Letian Investment will leverage its own resources to introduce diversified external supply chain businesses, including big health, community consumption and the beauty industry, to the Group's operation platform; it intends to procure through the Group's subsidiary Fuping Shengtang Food Technology Co., Ltd. Given the production cycle of goat milk products and the seasonal demand in the big health and beauty markets, the parties will place orders in batches during the agreement term. Letian Investment has indicated its intention to commit to purchasing the Group's goat milk products for five consecutive years, with a proposed annual minimum procurement amount of approximately RMB 100,000,000. The parties agreed to further explore deeper capital cooperation based on business development and performance.
The Company cautioned that the proposed annual minimum procurement amount and the business introduction arrangements represent a long-term commercial blueprint formulated by both parties based on current market demand; specific product categories, delivery timing and settlement methods will be subject to batch order contracts to be signed, and the final progress remains subject to uncertainty.
