Core Viewpoint - The company, Lianya Group, has announced a strategic review of its franchise brand portfolio and business objectives, particularly regarding the Reebok franchise in Greater China, leading to an early termination of the franchise agreement with Authentic Brands Group by December 31, 2025 [1] Group 1 - The franchise agreement for distributing Reebok products in Greater China will be terminated early, effective December 31, 2025, to better allocate resources for long-term growth [1] - The company expects to recognize a non-cash gain of between HKD 120 million and HKD 130 million due to the termination, impacting the consolidated financial statements [1] - The initial value of the Reebok franchise rights and related payable franchise fees was based on the present value of guaranteed minimum franchise fees due during the agreement's term [1] Group 2 - Despite the termination of the Reebok franchise agreement, the company will continue to operate its multi-brand distribution business through other franchises and its own brands, complementing its robust garment business [2]
联亚集团与Authentic Brands Group提前终止中国地区Reebok品牌产品特许经营权协议