AAC Technologies renews key lease and purchase deals through 2028

AAC Technologies Holdings Inc. announced the renewal of several connected transactions, including master lease and master purchase agreements, with various connected persons for a three-year period commencing January 1, 2026, and ending December 31, 2028. These agreements facilitate the Group's continued production and operating activities and secure essential material supplies.

The renewed master lease agreements, which include properties in Shenzhen, Changzhou, and Vietnam, have an aggregate unaudited right-of-use asset value of approximately RMB39,887,000 as of January 1, 2026. Expected annual rents for 2026, 2027, and 2028 for the Shenzhen Yuanyu Nanda Premises total RMB9,940,000, RMB11,864,000, and RMB12,457,000, respectively. The Changzhou LFY Gang Qiao Premises has an expected annual rent of RMB1,948,000 for each of the three years. The HVPC Premises has an expected annual rent of $160,600 for each of the three years.

The renewed master purchase agreements with Changzhou Lingdi, HVPC, and Changzhou Yousheng involve annual caps for purchases of packing materials and electronic components. The aggregate annual caps for these purchase agreements for the years ending December 31, 2026, 2027, and 2028 are RMB286,000,000, RMB311,000,000, and RMB340,000,000, respectively. All transactions fall under reporting and announcement requirements but are exempt from circular and shareholder approval, as applicable percentage ratios are below 5%.