ZIBUYU (02420.HK): Amazon DSP contract capped at two years
- The renewal option may be exercised once only for a fixed one-year term, giving the contract a maximum term of two years.
- The renewal is subject to Board and independent shareholders' approval (where required) and all applicable Chapter 14A requirements.
NewTimeSpace News: On 16 October 2026, Zibuyu Group Limited (stock code: 02420.HK) issued a supplemental announcement on the Amazon DSP advertising agency services contract signed under its 24 September 2026 announcement, clarifying that the renewal option may be exercised once only for a fixed one-year term, so the contract's maximum term is two years, subject to Board and independent shareholders' approval (where required) and all applicable Chapter 14A requirements.
The renewal requires Board and independent shareholders' approval (where required) and compliance with all applicable Chapter 14A requirements. Before the initial term expires, the Board will consider whether to renew and, if so, approve the renewal and the applicable annual cap. The Company will assess the applicable percentage ratios against the proposed annual cap and meet applicable reporting and approval requirements. Save as disclosed, other information in the 24 September 2026 announcement is unchanged.
