Binjiang Service renews key connected transaction agreements

Binjiang Service Group Co. Ltd. has announced the renewal of four continuing connected transaction agreements, effective December 17, 2025. These agreements, which involve the provision of services and procurement of assets with Binjiang Real Estate Group, will run for one year from January 1, 2026, to December 31, 2026. The renewals include the 2026 Master Property Management Services Agreement, 2026 Master Sales Agency Services Agreement, 2026 Master Consultancy Agreement, and 2026 Master Car Parking Spaces, Storage Rooms and Shops Purchase Agreement.

The proposed annual caps for these transactions for the year ending December 31, 2026, are RMB80,000 for property management, RMB40,000 for sales agency services, RMB20,000 for consultancy, and RMB150,000 for car parking spaces, storage rooms, and shops purchases. Binjiang Real Estate Group is controlled by Mr. Qi Jinxing, a controlling shareholder of Binjiang Service, making these connected transactions.

The transactions are subject to reporting, announcement, and annual review requirements but are exempt from independent shareholder approval, as applicable percentage ratios exceed 0.1% but remain below 5%. The board considers the terms of these agreements fair, reasonable, and in the company's best interests.