According to Zhitong Finance App News, Yashiwei (01993.HK) announced that on October 29, 2026, the company's indirect wholly-owned subsidiary Shanghai Yashiwei signed a franchise agreement with CITIC (Hainan). According to this, Shanghai Yashiwei was granted a franchise right to use and operate advertising and media resources for a period of five (5) years, which can be renewed for another three (3) years. The total franchise fee for the term will not exceed RMB 180 million (excluding VAT), but additional revenue franchise fees may be paid in accordance with the franchise agreement.

According to Zhitong Finance App News, Yashiwei (01993.HK) announced that on October 29, 2026, the company's indirect wholly-owned subsidiary Shanghai Yashiwei signed a franchise agreement with CITIC (Hainan). According to this, Shanghai Yashiwei was granted a franchise right to use and operate advertising and media resources for a period of five (5) years, which can be renewed for another three (3) years. The total franchise fee for the term will not exceed RMB 180 million (excluding VAT), but additional revenue franchise fees may be paid in accordance with the franchise agreement.