FX.co ★ Connexa's Yuanyu Signs $30 Mln Licensing Deal With Guofu Enterprise To Cover East, Southeast Asia

Connexa Sports Technologies Inc. (YYAI) announced on Thursday that its subsidiary, Yuanyu Enterprise Management Co., Ltd., has entered into a licensing agreement with Guofu Enterprise Management Co., Ltd. This partnership aims to deliver online dating and matchmaking services across the regions including Hong Kong, Japan, South Korea, and Southeast Asia. The subsidiary based in Hong Kong anticipates that this agreement will secure minimum royalty payments exceeding $30 million by the close of December 2026. Presently, Connexa's stock is being traded at $7.97, reflecting a decrease of 2.17 percent on the Nasdaq.