Damai Entertainment Holdings (1060) Announces Renewal of Continuing Connected Transactions for Copyright Transfer and Production

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Damai Entertainment Holdings Limited (Stock Code: 1060) has released a circular dated March 3, 2026, detailing its proposed renewal of existing continuing connected transactions. The relevant arrangements encompass transferring copyrights of television and online dramas, as well as commissioning production for television and film projects, in collaboration with Youku Technology, an indirect subsidiary of Alibaba Group. The renewed agreement is set to run from April 1, 2026 to March 31, 2029.

According to the circular, annual transaction caps under these arrangements are proposed at RMB 2.74 billion, RMB 3.01 billion, and RMB 3.31 billion for the three years ending March 31, 2029. A special general meeting is scheduled on March 25, 2026, at 3:00 p.m. at a designated venue in Hong Kong. Shareholders are advised to refer to the circular for details on voting procedures, relevant dates, and information on the agreements set to be reviewed at the meeting.

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The relevant arrangements encompass transferring copyrights of television and online dramas, as well as commissioning production for television and film projects, in collaboration with Youku Technology, an indirect subsidiary of Alibaba Group. The renewed agreement is set to run from April 1, 2026 to March 31, 2029.</p>\n<p>According to the circular, annual transaction caps under these arrangements are proposed at RMB 2.74 billion, RMB 3.01 billion, and RMB 3.31 billion for the three years ending March 31, 2029. A special general meeting is scheduled on March 25, 2026, at 3:00 p.m. at a designated venue in Hong Kong. Shareholders are advised to refer to the circular for details on voting procedures, relevant dates, and information on the agreements set to be reviewed at the meeting.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01060","symbol_name":"大麦娱乐","start_time":0,"source_url":"","article_id":"1102493081","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1102493081","pubTimestamp":1772530167,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Damai Entertainment Holdings Limited (Stock Code: 1060) has released a circular dated March 3, 2026, detailing its proposed renewal of existing continuing connected transactions. 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