Guangdong Yueyun renews key transactions with controlling shareholder

Guangdong Yueyun Transportation Company Limited has renewed its Tai Ping Interchange Master Agreement and Information Systems Services Master Agreement with Guangdong Provincial Communication Group Company Limited (GCGC), its controlling shareholder. Both agreements were set to expire on December 31, 2025.

The Tai Ping Interchange Master Agreement, covering major repair and renovation services, is renewed from January 1, 2026, to June 30, 2027, with a possible extension of up to 70 days. The proposed annual caps for this agreement are RMB6,765,000 for the year ending December 31, 2026, and RMB4,702,000 for the period from January 1, 2027, to June 30, 2027 (including any extension).

The Information Systems Services Master Agreement, for the provision of information systems services, is renewed for three years, commencing on January 1, 2026, and ending on December 31, 2028. The proposed annual caps for this agreement are RMB18,400,000 for 2026, RMB12,200,000 for 2027, and RMB11,100,000 for 2028. These caps are substantially higher than previous periods to support the group's digital transformation initiatives and equipment upgrades.

As GCGC directly or indirectly holds approximately 74.12% of the company's total issued share capital, these transactions constitute continuing connected transactions under the Listing Rules. The highest applicable percentage ratio for each agreement is expected to be more than 0.1% but less than 5%, subjecting them to reporting, announcement, and annual review requirements but exempting them from Independent Shareholders’ approval.