This announcement is made further to the company's announcement dated December 29, 2023, concerning, among other matters, the entry into the 2023 Framework Agreement with CHINA RES MIXC (together with its subsidiaries, as the service provider) for the procurement of value-added services. As the 2023 Framework Agreement and its annual caps expired on December 31, 2025, the company entered into the 2026 Framework Agreement with CHINA RES MIXC on February 3, 2026, to update the annual caps. The proposed annual cap of RMB 50 million (exclusive of tax) per annum was determined with reference to, among other factors, the categories, quality, and service standards of the value-added services intended to be provided by the CHINA RES MIXC group; the demand for value-added services in response to the business development of the group; and historical transaction amounts.
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