BOE Varitronix renews procurement framework agreement with BOE

BOE Varitronix Limited has entered into a renewed master framework agreement with BOE, effective December 23, 2025, after trading hours, extending procurement transactions until December 31, 2027. This agreement allows the group to continue purchasing and leasing equipment and related software, as well as procuring construction and engineering services from the BOE Group.

BOE (HK), a wholly-owned subsidiary of BOE, holds approximately 53.02% of the company's issued share capital, making BOE a connected person. The transactions under the renewed agreement constitute continuing connected transactions, subject to reporting, announcement, and annual review requirements under Chapter 14A of the Listing Rules, but are exempt from circular and independent shareholders' approval.

The proposed annual caps for procurement transactions are HK$50,000,000 for FY2026 and HK$50,000,000 for FY2027. Historically, transactions amounted to HK$63,988,000 for FY2024 (audited) and HK$17,953,000 for the 11 months ended November 30, 2025 (unaudited). Existing annual caps were HK$100,000,000 for FY2024 and HK$80,000,000 for FY2025.