Core Viewpoint - The announcement indicates that Qiming Star (启明星辰) has entered into a framework agreement with Hong Kong Broadband (香港宽频) to provide cybersecurity products and solutions, marking a strategic partnership in the cybersecurity sector [1] Group 1: Agreement Details - Qiming Star's wholly-owned subsidiary, Beijing Qiming Star Information Security Technology Co., Ltd., will supply cybersecurity products and services to Hong Kong Broadband and its group members [1] - The agreement is effective until December 31, 2028, with annual transaction limits set for the years 2026, 2027, and 2028 [1] Group 2: Financial Projections - The transaction cap for 2026 is set at a maximum of 32 million Hong Kong dollars, with the same limit for 2027, and an increased cap of 38 million Hong Kong dollars for 2028 [1] Group 3: Ownership Structure - Both Qiming Star and Hong Kong Broadband are ultimately controlled by China Mobile Group, indicating a strong connection between the two entities [1]
启明星辰:子公司与香港宽频签署框架协议 提供网络安全产品及解决方案服务