YH ENT (02306) announced that on December 22, 2025, YH Limited (a wholly-owned subsidiary of the company) and Youku Information Technology (on behalf of itself and its jointly controlled affiliates) entered into a 2026 Business Cooperation Framework Agreement with Youku. Under the agreement, YH Limited (on behalf of itself and its subsidiaries) will facilitate suitable contracted artists to fulfill engagements with Youku and purchase ticketing agency services. These engagements include, but are not limited to, endorsement promotions for Youku membership, participation in variety shows, films, dramas, and other commercial activities, as well as the procurement of online and offline ticketing systems and agency services.
Youku, one of China's leading internet video platforms, has strong demand for engaging the company's artists. This collaboration allows YH ENT's contracted artists to benefit from Youku's platform resources and gain broader exposure. Additionally, by leveraging Youku's established ticketing agency system, the company can more efficiently organize large-scale events—such as concerts for its artists—without undue technical constraints.
Through market cooperation with Youku's business units, YH ENT aims to further enhance its artists' visibility and social influence, thereby creating greater value for the group and expanding brand recognition.
The terms provided to Youku Information Technology under existing agreements are no more favorable than those offered to other independent third-party clients. Fees for transactions under the 2026 Business Cooperation Framework Agreement will be determined based on prevailing market rates, ensuring fairness. Consequently, the business cooperation with Youku is expected to be profitable and aligned with the interests of the group and its shareholders.
The proposed transactions under the agreement are conducted in the ordinary course of business under normal commercial terms.
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