Summary by Moomoo AI
Gathering Technologies Co., Ltd. announced on February 23, 2024 that it has revised an existing GPA agreement with Telecommunication Precision Industries Co., Ltd. (ICT Precision) to increase the existing annual cap to reflect the expansion of its business in the medical device and server sectors. The Supplementary Agreement increases the annual cap for 2024 from HK$63,000,000 to HK$103,000,000 and the cap for 2025 from HK$73,000,000 to HK$130,000,000. Teletext is the controlling shareholder of Aggregate Technologies, with a shareholding of approximately 70.95% and is ultimately controlled by Ms. Wang Lai Chun and Mr. Wang Laisheng. Under the Listing Rules, the annual cap on transactions involved in this revision is subject to the Filing, Annual Review and Announcement requirements, but is not subject to the approval of independent shareholders. Aggregate Technologies is primarily engaged in the production and sale of wire components and digital wire products and server products, and offers products worldwide.