YCIH Green High-Performance Concrete Company Limited (Stock Code: 1847) issued an announcement on November 18, 2025, detailing five major transactions and/or connected transactions. These include: (1) the 2026–2028 Products Sales Framework Agreement; (2) the 2026–2028 Raw Materials, Products and Services Procurement Framework Agreement; (3) major transactions and continuing connected transactions under the 2026–2028 Financial Services Framework Agreement; (4) entering into a new Leasing Contract and revising the existing 2025 annual cap under its Land and Property Leasing Framework Agreement; and (5) a major transaction and connected transaction for the provision of guarantee.
According to the announcement, these agreements collectively address the renewal of existing arrangements set to expire by year-end 2025 and outline the prospective transaction limits for the period 2026 to 2028. In particular:
1) 2026–2028 Products Sales Framework Agreement: The company will continue selling building materials, solid waste and new materials, and other products to its controlling shareholder, Yunnan Construction and Investment Holding Group Co., Ltd. (YCIH), and its subsidiaries. Proposed annual caps have been set taking into account historical usage and expected business growth.
2) 2026–2028 Raw Materials, Products and Services Procurement Framework Agreement: The company will procure cement, aggregates, construction services, and other items from YCIH and its subsidiaries. The proposed caps factor in potential expansion of the Group’s operations and projected increases in demand for raw materials and supporting services.
3) 2026–2028 Financial Services Framework Agreement: YCIH will provide deposit services, bills acceptance and discount services, letters of guarantee, factoring, and other financial services. Different annual caps are set for each service category, based on past usage patterns and the company’s plans to centralize more financial transactions through YCIH. Deposit services and bills acceptance and discount services each exceed 25% in applicable percentage ratios, making these major and continuing connected transactions.
4) New Leasing Contract and Revised 2025 Annual Cap: A subsidiary of the company has entered into a one-year lease arrangement with a YCIH subsidiary for properties located in Anning City. The addition of this lease increases the expected 2025 land and property leasing cap beyond the original annual limit, hence leading to a revision of the 2025 annual cap under the existing Land and Property Leasing Framework Agreement.
5) Provision of Guarantee for Phosphogypsum Project: The company’s subsidiary, Phosphogypsum Company, will guarantee a loan of up to RMB84 million obtained by a YCIH-controlled entity for an industrial solid waste project in Anning. This guarantee constitutes a major transaction and connected transaction given that the applicable percentage ratios exceed 25%.
The company will convene an extraordinary general meeting (EGM) to seek independent shareholders’ approval for these transactions. YCIH and its associates, holding approximately 62.75% of the company’s equity interests, will abstain from voting on the relevant resolutions. An independent board committee and an independent financial adviser have been appointed to provide opinions to the independent shareholders.
Trading in the H shares of the company was halted at 09:00 a.m. on November 18, 2025, pending the release of this announcement and resumed at 09:00 a.m. on November 19, 2025.
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