PENGO HLDG GP Ends Letter of Intent for Framework Agreement

Stock News08-21

PENGO HLDG GP (01865) has announced the termination of its letter of intent for a cooperation framework agreement with Guangju Zhongsheng Holding (Hainan) Co., Ltd.

Following ongoing negotiations, the company and Guangju Zhongsheng failed to reach a consensus on the core terms of the cooperation project. After careful evaluation, the company decided to terminate the letter of intent on August 21, 2026, after trading hours.

As the parties involved have ceased negotiations and no binding formal agreement was established, the board believes that the termination will not have a material adverse impact on the group's current operations or financial position.

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