City Coolxuan signs global non-exclusive app distribution agreement with HKD 5.75 million annual cap

Reuters
Mar 18
City Coolxuan signs global non-exclusive app distribution agreement with HKD 5.75 million annual cap

City Coolxuan said its subsidiary Sichuan Kuxuan Huaying Technology entered a distribution agreement with Sichuan Urban Cool Selection Technology covering global, non-exclusive distribution rights for the “Kuxuan App” and related system for the term from 1 January 2026 to 31 March 2028. The company reported historical transaction value of RMB 1.33 million for January 2026 to February 2026 under the arrangement. City Coolxuan set annual caps for total transaction amounts of HKD 2.3 million for the year ending 31 March 2026 and HKD 5.75 million for the year ending 31 March 2027. The annual cap for the year ending 31 March 2028 was also set at HKD 5.75 million.

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