Zonqing Environmental renews connected transactions framework agreements through 2028

Zonqing Environmental Limited has entered into a series of renewed framework agreements with Zhongqing Investment Holding Group Limited Liability Company (ZIHG), a connected person, covering various continuing connected transactions until December 31, 2028. These agreements encompass equipment usage, survey and design services, property leasing, culture, commerce and tourism project management, general contracting management for construction and municipal public works, and landscaping and ecological restoration construction works services.

The proposed annual caps for these transactions are set in RMB'000. For Equipment Usage, the cap is RMB2,000 annually. Survey and Design Services have an annual cap of RMB20,000. Property Leasing is capped at RMB4,100 annually. Culture, Commerce and Tourism Project Management Services are capped at RMB24,000 for FY2026 and FY2027, dropping to RMB21,000 for FY2028. General Contracting Management is set at RMB30,000 for FY2026, then RMB20,000 for FY2027 and FY2028. Lastly, Landscaping and Ecological Restoration Construction Works Services have an annual cap of RMB70,000.

The highest applicable percentage ratios for these proposed annual caps exceed 0.1% but remain below 5%, classifying them as partially-exempt continuing connected transactions. They are subject to reporting, announcement, and annual review requirements but are exempt from independent shareholders' approval under Chapter 14A of the Listing Rules.