SEHK:9633Beverage
Is Nongfu Spring (SEHK:9633) Turning R&D Control Into a Lasting Brand Advantage?
In December 2025, Nongfu SPRING Co., Ltd. announced renewed three-year framework agreements with Yangshengtang Group covering basic R&D, testing services, and purchasing arrangements effective from January 1, 2026 to December 31, 2028.
The renewed R&D and test service framework centralizes intellectual property ownership for work products with Nongfu’s group, highlighting how the company is formalizing control over innovation supporting its expanding beverage portfolio.
With new R&D...