Best Pacific renews key agreements with MAS Group through 2028

Best Pacific International Holdings Limited (HKEX:2111) has renewed its Sales Framework Agreement and Lease Related MOU, ensuring the continuity of its continuing connected transactions with MAS Group. The Sales Framework Agreement, signed with the JV Partner, covers the supply of BP Products by BPTHL Group to MAS Group for a three-year term from January 1, 2026, to December 31, 2028. Anticipated annual caps for this agreement are $120 million for 2026, $144 million for 2027, and $173 million for 2028.

Concurrently, the JV Company entered into a Lease Related MOU with MAS Fabric Park for a three-year term, also commencing January 1, 2026, and ending December 31, 2028. This MOU ensures the continued use of premises within the MAS industrial park and provides a framework for potential future leases. The total annual caps for the Lease Related MOU, including right-of-use assets, rentals, and services, are $12.3 million for 2026, $14.7 million for 2027, and $17.8 million for 2028.

These transactions are deemed to be on normal commercial terms and in the interests of the company and its shareholders, approved by the Board and confirmed by independent non-executive directors.