China Aluminum Cans Proposes HK$75-91 Million Caps for 2026-28 Supply Deal With Precious Dragon

China Aluminum Cans Holdings Limited (“China Aluminum Cans”) has entered into a new three-year Master Supply Agreement with connected party Precious Dragon Technology Holdings Limited to continue supplying monobloc aluminum aerosol cans from 1 January 2026 to 31 December 2028.

Key terms 1. Contract period: 2026-2028. 2. Pricing: Order-by-order, based on a cost-plus model targeting a 25%-40% margin; prices must be no less favourable than those offered to independent customers; payment 30 days after month-end. 3. Termination: Either party may terminate with 30 days’ written notice.

Revised annual caps (sales to Precious Dragon) • FY2026: HK$75.00 million • FY2027: HK$83.00 million • FY2028: HK$91.00 million

Rationale for upward revision • Transactions for the five months to 31 May 2026 already reached HK$22.70 million, or 78.20% of the existing FY2026 cap of HK$29.00 million. • Surge driven by a substantial new global customer secured by Precious Dragon, contributing HK$17.10 million during the same period. • Caps incorporate an annual growth assumption of c.10% and a 10% buffer for price and demand volatility.

Listing Rules implications • Precious Dragon is an associate of controlling shareholder Mr. Lin Wan Tsang; the agreement constitutes a continuing connected transaction. • Highest applicable percentage ratio exceeds 25% but is below 100%, requiring independent shareholders’ approval, annual review and disclosure. • Mr. Lin, his spouse and their wholly owned company Wellmass International (collectively holding 69.97% of issued shares) will abstain from voting.

Governance and timetable • Independent Board Committee (all INEDs) formed; Ignite Capital (Asia Pacific) appointed as Independent Financial Adviser. • Extraordinary General Meeting scheduled for 11 August 2026 in Hong Kong to seek approval for the agreement and revised caps.

Internal controls The finance and sales teams will apply a cost-plus pricing list, monitor monthly utilisation, and trigger board review when 90% of the cap is reached. External auditors and the Audit Committee will conduct annual compliance reviews in accordance with Listing Rules.