China Resources Medical clarifies healthcare management service caps

China Resources Medical Holdings Company Limited issued a supplemental announcement regarding its continuing connected transactions under the Healthcare Management Services Framework Agreement. The company clarified the basis for its proposed annual caps, determined by referencing the expected number of CRH Group entities to be onboarded as corporate customers, influencing the number of staff requiring healthcare management services. These numbers are estimated at approximately 20,000 staff members in December 2025, increasing to 80,000 in 2026, and 130,000 in 2027.

The unit price for medical examinations ranges from RMB500 to RMB3,000, benchmarked against prices charged to independent third-party customers for comparable services. A buffer of approximately 34% for 2025, 13% for 2026, and 16% for 2027 has been included, reflecting the newness of the business line and potential variability in uptake. The larger 2025 buffer accounts for a greater number of entities with which the company was negotiating as of the announcement date.

The Healthcare Management Services Framework Agreement, while signed on December 4, 2025, had an effective service commencement date of December 1, 2025, aligning with the commercial terms agreed in principle. Historical transaction amounts for the ten months ended October 31, 2025, totaled approximately RMB2.28m, primarily representing a pre-ramp period. All applicable percentage ratios for the transaction amount are less than 0.1%.