C&D international renews procurement deal with controlling shareholder

C&D International Investment Group Limited has renewed its Procurement Framework Agreement with Xiamen C&D, its controlling shareholder, for a term from January 1, 2026, to December 31, 2028. This agreement facilitates the group's procurement of raw materials for construction and engineering services from the Xiamen C&D Group to support its real estate development operations.

The annual caps for procurement fees payable by the group under this renewed agreement are projected at RMB800 million for each of the three years ending December 31, 2028. This includes RMB700 million for raw materials and RMB100 million for engineering services. Historically, procurement fees to Xiamen C&D Group amounted to RMB333 million in 2023, RMB343 million in 2024, and RMB259 million for the nine months ended September 30, 2025.

These transactions are classified as continuing connected transactions under Chapter 14A of the Listing Rules. The agreement is subject to reporting, announcement, and annual review requirements, but exempt from independent shareholders' approval. Pricing for both raw materials and engineering services will be determined through arm's length negotiations, referencing market prices and ensuring terms no less favorable than those from independent third parties.