China Foods signs three-year concentrate purchase agreement with Coca-Cola Shanghai
KO•China Foods signed renewed supply agreements covering 2027-2029, with Coca-Cola Shanghai concentrate purchase caps of RMB 6.59 billion in 2027, RMB 7.18 billion in 2028 and RMB 8.45 billion in 2029.
1. Agreement caps
The agreements were signed on November 10, 2026, and run from January 1, 2027, through December 31, 2029. COFCO purchase caps are RMB 2.39 billion for 2027, RMB 2.71 billion for 2028 and RMB 2.89 billion for 2029, pending independent shareholder approval; sales to COFCO are capped at RMB 5 million annually. Tianjin and Hebei bottlers also signed Zijiang packaging agreements, with caps of RMB 71 million, RMB 74 million and RMB 79 million for 2027, 2028 and 2029, respectively.
