Previously, sources claimed that the actor has been negotiating with TVB about his contract renewal although his contract will only expire at the end of next year.
An insider claimed, "TVB has discussed his contract two months ago. In addition to an increase in his show fees from HKD 8,000 to HKD 14,000, Kenneth also demanded that he is given more freedom to work in China."
The source alleged that TVB has agreed to his terms and will negotiate several mainland projects for him after the conclusion of his upcoming drama, "Cold Mountain, Hidden Dragon".
When asked about the contract renewal, Kenneth confirmed the news, and said, "Yes, I have renewed it. TVB is treating me very well."
He added that despite TVB's wishes that he signs on for a longer period, he only agreed to a five-year contract.
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