Dida Signs Three-Year Mobility Services Agreement With Tongcheng Travel

MT Newswires Live11-10

Dida (HKG:2559) has entered into a framework agreement with controlling shareholder Tongcheng Travel to provide mobility services through its travel platforms until Oct. 31, 2029, according to a Monday bourse filing.

Under the agreement, Dida will provide carpooling, smart taxi, and ride-hailing aggregation services to Tongcheng Travel platform users, paying information technology service fees for each completed order.

The annual caps for the fees are set at 6 million yuan for the remainder of 2026 and 24 million yuan for each of 2027, 2028 and the first 10 months of 2029.

The agreement allows the two parties to renew the arrangement for a further three years by mutual consent.

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