cool hit counter Everton Network Subsidiary Enters into Equipment Use Contract with Evergrande Internet Finance_Intefrankly

Everton Network Subsidiary Enters into Equipment Use Contract with Evergrande Internet Finance


WisdomTree App (00136) announced that on 29 December 2017, Hengteng Network Services, a wholly-owned subsidiary of the Company, entered into an equipment usage contract with Evergrande Internet Finance.

Everton Network Services provides Evergrande Internet Finance with server configurations, data backup systems, netapp storage devices and other network equipment for use by Evergrande Internet Finance and charges Evergrande Internet Finance a total usage fee of RMB24.84 million for a contract period of three years, i.e. from 1 January 2018 to 31 December 2020.

The announcement shows that Evergrande Internet Finance is a wholly-owned subsidiary of the company's controlling shareholder, China Evergrande (0333). Therefore, Everest Internet Finance is a related party of the Company. The above proposed transactions constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.


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