Dickson Concepts (International) Limited (00113) announced on 6 March 2026 the signing of a Fourth Renewal Exclusive Distribution Agreement with STDSA, appointing Bondwood Investments Limited—an indirect wholly-owned subsidiary of Dickson Concepts—as the exclusive distributor for certain luxury products bearing “S.T. Dupont” and “D” trademarks in the PRC (excluding Hong Kong). The new term will run from 1 April 2026 to 31 March 2029, effectively renewing the existing agreement set to expire on 31 March 2026.
Under this arrangement, the maximum annual caps for purchases of these products are set at HK$80.16 million for the financial year ending 31 March 2027, HK$88.18 million for the following year, and HK$95.23 million for the year ending 31 March 2029. These figures exceed 0.1 percent but remain below 5 percent of the applicable percentage ratios of the company, requiring an announcement, annual reporting, and annual review under the Listing Rules without the need for a circular or independent shareholder approval.
Previously disclosed caps for the financial years ended 31 March 2025 and 31 March 2026 were HK$71.60 million and HK$76.18 million, respectively. Transaction amounts stood at HK$40.27 million for the year ended 31 March 2025 and are estimated at HK$64.13 million for the year ending 31 March 2026. The directors, excluding the director with an interest due to a relationship with STDSA, consider the renewal to be fair, reasonable, and in the interests of Dickson Concepts (International) Limited (00113) and its shareholders.