AI ENERGY ENG Subsidiary Jingheng Signs Procurement Agreement with Lik Yue Investment

Stock News03-16

AI ENERGY ENG (01751) announced that on March 6, 2026, its wholly-owned subsidiary, Jingheng (Greater China) Limited, entered into a procurement cooperation agreement with Lik Yue Investment (Hong Kong) Co Limited. Under the agreement, the supplier appointed Jingheng as its agent for gas generator sets in the Greater China region. Jingheng agreed to purchase these products from the supplier for use in the Group's smart computing energy engineering projects. The procurement agreement has a term of approximately 30 months, commencing on March 6, 2026, and ending on September 5, 2028, with an estimated total procurement value of RMB 100 million. According to the agreement, Jingheng is required to pay an advance payment of HKD 12 million to the supplier within 10 days of signing the agreement. This advance payment will be used to offset future payments due to the supplier for purchase orders placed under the agreement. If no specific purchase orders are placed within six months from the date of the advance payment, the supplier must refund the full amount to Jingheng. The advance payment is unsecured, interest-free, and unsecured. The board of directors considers the advance payment to be made under normal commercial terms and in the ordinary course of the Group's business.

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