Cowell e Holdings announces renewals, cap revisions, machinery sale

On September 29, 2025, Cowell e Holdings Inc. entered into new 2026 Purchase and Materials Procurement Framework Agreements with Luxshare Precision and LITCL, respectively. These agreements are for three years, starting January 1, 2026. The 2026 Purchase Framework Agreement's annual caps for 2026, 2027, and 2028 are RMB3,027.20 million, RMB3,330.00 million, and RMB3,663.00 million. For the 2026 Materials Procurement Framework Agreement, annual caps are RMB95 million, RMB100 million, and RMB110 million for the same periods.

Additionally, the company revised the annual caps for its Supply Framework Agreement with LITCL due to unexpected demand. The new annual caps are RMB50,000,000 for 2025, RMB305,500,000 for 2026, and RMB444,600,000 for 2027. Cowell also agreed to sell machinery to LITCL for a consideration not exceeding RMB30,000,000. These transactions are considered continuing connected transactions under Chapter 14A of the Listing Rules.

The 2026 Purchase and Materials Procurement Framework Agreements, due to exceeding 5% of applicable percentage ratios, require Independent Shareholders' approval. The revised Supply Framework Agreement and the Machinery Sale Agreement, with ratios between 0.1% and 5%, are subject to reporting, annual review, and announcement requirements, but are exempt from Independent Shareholders' approval.