Time Interconnect boosts Luxshare supply caps, extends contract to 2028

Time Interconnect Technology Limited has signed a supplemental agreement with Luxshare Precision to revise existing annual caps under their Master Supply Agreement. The annual caps for the supply of Luxshare Precision Products are increased from HK$240m to HK$1,598m for the year ending December 31, 2026, HK$1,758m for 2027, and a new cap of HK$1,934m for 2028. This extension prolongs the contract period to December 31, 2028, reflecting anticipated demand from the Luxshare Precision Group, including contributions from the newly acquired DJC Group and Leoni Kable Group.

Additionally, the company entered into a new Luxshare Master Supply Agreement with Luxshare, the holding company of the BCS Group, for a term from January 1, 2026, to December 31, 2028. This agreement involves the supply of Luxshare Products with proposed annual caps of HK$10m for 2026, HK$11m for 2027, and HK$12m for 2028. The existing BCS Master Supply Agreement will terminate on January 1, 2026.

These transactions are classified as continuing connected transactions under Chapter 14A of the Listing Rules, requiring reporting, annual review, announcement, and independent shareholders' approval due to the aggregate percentage ratios exceeding 5%. Ms. Wang Laichun, a controlling shareholder and director, abstained from voting due to her material interests.