Angelalign (06699) rose over 4%. As of the time of writing, it has increased by 3.88%, trading at 50.85 Hong Kong dollars, with a transaction volume of 16.3812 million Hong Kong dollars.
According to Zhitong Finance APP, Angelalign (06699) rose over 4%, as of the time of this report, it rose 3.88%, priced at HKD 50.85, with a transaction amount of HKD 16.3812 million.
On April 22, Angelalign announced that Shanghai Kaihao has become an associated person of the company, as major shareholder Hua Li has acquired 40% of the total equity of Shanghai Kaihao. Therefore, the ongoing transactions under the processing contract agreement between Shanghai Kaihao and the company have become ongoing related transactions of the company. According to the listing rules section 14A.60, the company must comply with annual review and disclosure requirements.
The processing contract agreement was signed on October 28, 2024, with main terms including Shanghai Kaihao providing raw material processing services based on the purchase orders from Wuxi Angelalign, and the agreement is valid until December 31, 2025. The processing service fees will be fairly negotiated based on market competition conditions and other third-party prices to ensure competitive pricing. Furthermore, the Board of Directors believes that establishing long-term cooperative relationships with reliable suppliers is crucial for the company's business growth.
It is reported that Shanghai Kaihao is a high-tech enterprise focused on the field of oral functional materials, with products aimed at global customers. The business includes the sales of oral functional materials and providing a complete set of solutions from material design to clinical application for several invisible orthodontic companies and oral Medical Institutions in domestic and foreign markets, including product application technical services and testing analysis, possessing the capability for full lifecycle management of its products.
