Summary by Futu AI
HUA HONG SEMI Limited announced the renewal of multiple continuing connected transaction agreements and adjusted the procurement transaction cap for 2024. The company has signed a framework agreement with HUA HONG Group for 2025, regulating sales and procurement transactions, with a sales ceiling of 30.79 million USD and a procurement ceiling of 55.05 million USD. In addition, the company has renewed the property management agreement and cleanroom leasing agreement.The cap for procurement transactions for the 2024 HUA HONG Group fiscal year has been increased from 38.5 million USD by 5% to 40.425 million USD. This adjustment is primarily due to the commencement of testing on a new production line at HUA HONG's 12-inch wafer fabrication plant, which has increased the procurement demand for semiconductor products.The...Show More