TANG PALACE (01181) has announced the signing of a strategic cooperation framework agreement with AAPC Hotel Services Limited on March 31, 2026. The agreement aims to establish a brand alliance between the two parties, leveraging their respective strengths to jointly improve the quality of dining services and operational performance in hotels. Under the agreement, AAPC will, based on its assessment and commercial judgment, invite TANG PALACE's catering brands to operate within hotels and venues it owns or manages.
The framework agreement serves as a foundation for future collaboration and does not currently constitute any legally binding transactions or commitments. It does not stipulate any minimum cooperation amount or volume. Both parties will engage in detailed negotiations for specific projects and, where applicable, enter into formal cooperation agreements.
The Board of Directors believes that the agreement aligns with the overall interests of the company and its shareholders. It is expected to strengthen the company's competitiveness and support sustainable business development. Through this partnership, TANG PALACE can leverage AAPC's upscale hotel venues and established network to explore opportunities in hotel catering, banquet services, and premium group dining, thereby diversifying revenue streams and optimizing its income structure. Additionally, AAPC's international brand influence is anticipated to enhance TANG PALACE's brand image and market competitiveness. The collaboration will adopt a capital-light expansion model, requiring low investment, which helps reduce financial pressure and operational risks during expansion while improving resource allocation efficiency and overall returns.
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