Betta Home Living

GOME Retail Enters into a Framework Agreement with GOME Management to Provide Management Services

Monday, October 11, 2021 - 7:03am

HONG KONG, Oct 11, 2021 - (ACN Newswire) - GOME Retail Holdings Limited (HKEX stock code: 493, "GOME" or "the Company", together with its subsidiaries, "the Group") announced today that the Group entered into a Framework Agreement with GOME Management Limited ("GOME Management") which is wholly owned by the controlling shareholder of the Group ("Controlling Shareholder").

Key Points: 
  • HONG KONG, Oct 11, 2021 - (ACN Newswire) - GOME Retail Holdings Limited (HKEX stock code: 493, "GOME" or "the Company", together with its subsidiaries, "the Group") announced today that the Group entered into a Framework Agreement with GOME Management Limited ("GOME Management") which is wholly owned by the controlling shareholder of the Group ("Controlling Shareholder").
  • Based on the above calculation, the maximum aggregate amount of management fees for three years is up to RMB 2.8 billion.
  • In the second phase of "Home Living" Strategy, the Group focuses on the retail and home services industries.
  • In addition, the Framework Agreement is expected to greatly improve the Group's ability to obtain customer traffic at a high efficiency with low cost.

GOME Proactively Responds to National Strategies with Expansion of Business Quality and Quantity in 1H 2021

Friday, August 27, 2021 - 2:01pm

As of 30 June 2021, the Company operated a total of 3,895 offline stores, including 2,556 county stores.

Key Points: 
  • As of 30 June 2021, the Company operated a total of 3,895 offline stores, including 2,556 county stores.
  • During the Reporting Period, GOME created more than 180,000 new online communities and commanded a total of nearly 1 million online communities cumulatively.
  • Subsequently, on 24 and 25 July 2021, GOME co-hosted the "2021 Super Music Festival" with iQiyi.
  • In the future, GOME will continue to persist in implementing national strategies, facilitate domestic demand expansion and consumer upgrading in China.