18:11:01 EDT Fri 14 Aug 2026
Enter Symbol
or Name
USA
CA



Tenet Fintech Group Inc
Symbol PKK
Shares Issued 410,540,867
Close 2026-08-13 C$ 0.19
Market Cap C$ 78,002,765
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Tenet Fintech signs $675-million services agreement

2026-08-14 12:18 ET - News Release

Mr. Mayco Quiroz reports

TENET SIGNS CAD$225M MINIMUM GUARANTEE ANNUAL SERVICES AGREEMENT

Tenet Fintech Group Inc. has signed an agreement with Sum Hung Hang Tai Trading Ltd. whereby Sum Trading will purchase products and services through the company's GoldRiver platform worth a minimum of $225-million per year over a three-year period, valuing the agreement at $675-million over its duration.

The agreement is similar to the agreement signed by Tenet in the fourth quarter of 2025 with Chengdu Honglongyi Trading Ltd., which has largely contributed to putting Tenet's revenues on track to exceed $100-million in 2026.

Sum Trading is a construction and building materials distributor supplying materials to more than 1,000 construction companies with projects primarily in China's Western provinces, including in Chongqing, Guizhou, Shanxi, Sichuan and Yunnan. Sum Trading was looking to expand its offerings of both raw materials and finished products to existing clients, and selected Tenet's GoldRiver platform as its main purveyor partly because of the large inventory of products and materials available through the platform as well as the logistical value-added services it offers.

The agreement was brokered by Nanjing Kwok Chi Management Ltd. (KCM), which will receive a commission representing 7.5 per cent of the minimum guaranteed value of the first year of the agreement, payable in any combination of cash and/or common shares at Tenet's sole discretion, subject to approval of the Canadian Securities Exchange and applicable securities regulations. Under the terms of Tenet's agreement with KCM, KCM has agreed not to sell, gift or otherwise dispose of, any portion of the commission received in common shares for at least 12 months until after the common shares were issued. Tenet and KCM also agreed that if the guaranteed minimum sales are not achieved within the first twelve months following the signing of the agreement, KCM will refund to Tenet a cash amount representing the difference between the commission paid and the amount that would have been paid if calculated on the actual realized first year revenue of the agreement.

In light of today's announcement, Tenet intends to update its full-year 2026 revenue guidance shortly following the filing of its financial results for the second quarter of 2026, expected by the end of August, 2026.

About Tenet Fintech Group Inc.

Tenet Fintech Group is the parent company of a group of innovative financial technology (fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and artificial-intelligence-based products and services to businesses, capital markets professionals, government agencies, and financial institutions either through or by leveraging data gathered by the Cubeler Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B (business-to-business) transactions among its members.

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