Hangzhou SF Intra-city Industrial (HKG:9699) renewed a three-year agreement to provide delivery services to its controlling shareholder, SF Holding (SHE:002352, HKG:6936), according to a Monday Hong Kong bourse filing.
Under the agreement, the annual transaction caps for last-mile delivery services are set at 14.5 billion yuan, 17 billion yuan and 19.5 billion yuan for 2027, 2028 and 2029, respectively.
The corresponding annual caps for intra-city delivery services are 750 million yuan, 950 million yuan and 1.2 billion yuan.
Shares of SF Intra-city were down almost 3% in afternoon trading on Tuesday.
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