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HENGTEN NETWORKS GROUP LIMITED
恒 騰 網 絡 集 團 有 限 公 司
(a company incorporated in Bermuda with limited liability)
(Stock Code: 136)
TERMINATION OF ONE-OFF CONNECTED TRANSACTION -
PROPERTY LEASE AGREEMENT
Reference is made to the Company's announcement dated 31 December 2020 (the ''Announcement'') in relation to the Property Lease Agreement. Due to business needs, Shenzhen Hengten has relocated to a new business location; on 2 May 2021, a termination agreement (the ''Termination Agreement'') was entered into.
The directors of the Company believe that the terms of the Termination Agreement are of normal commercial terms, fair and reasonable and in the ordinary and usual course business, and in the interests of the Company and its shareholders as a whole. The Termination Agreement does not have any adverse impact on the Group's operation and financial position.
By order of the Board
HengTen Networks Group Limited
Hong Kong, 2 May 2021
As at the date of this announcement, the executive directors of the Company are Mr. Xu Wen, Mr. Huang Xiangui, Mr. Wan Chao and Mr. Chen Cong; and the independent non-executive directors of the Company are Mr. Chau Shing Yim, David, Mr. Nie Zhixin, Mr. Chen Haiquan and Professor Shi Zhuomin.
HengTen Networks Group Limited published this content on 02 May 2021 and is solely responsible for the information contained therein. Distributed by, unedited and unaltered, on 02 May 2021 11:56:01 UTC.