Legend Holdings renews coal and labor outsourcing deal with Levima

Legend Holdings Corporation announced the renewal of its continuing connected transactions, with Guozhuang Mining, an indirect non-wholly owned subsidiary, entering into the 2026 Coal Supply and Labour Outsourcing Services Agreement with Levima Advanced Materials. This new agreement, effective from January 1, 2026, to December 31, 2026, outlines a maximum consideration of RMB276 million (exclusive of tax) for the provision of coal and labor outsourcing services. This includes an Annual Cap of RMB260 million for coal supply and RMB16 million for labor outsourcing services.

The transaction is classified as a continuing connected transaction under Chapter 14A of the Listing Rules. While the applicable percentage ratios exceed 0.1% but remain below 5%, the transaction is subject to annual review, reporting, and announcement requirements. It is exempt from circular, independent financial advice, and independent shareholders' approval requirements.

Historical transaction amounts (exclusive of tax) show aggregate figures of RMB214.74 million in 2023, RMB204.80 million in 2024, and RMB193.15 million for the period from January 1 to November 30, 2025. Levima Advanced Materials is a connected subsidiary where Legend Holdings Group and CAS Holdings collectively hold approximately 48.77% and 25.27% equity interests, respectively.