SSY Group renews key transactions with substantial shareholder Sichuan Kelun

SSY Group Limited announced on December 23, 2025, the renewal of three agreements with Sichuan Kelun, its substantial shareholder, for a term commencing January 1, 2026, and ending December 31, 2026. These agreements include the Master Sale and Purchase Agreement, the Master Products Manufacturing Service Agreement, and the Master Research & Development Services Agreement. Sichuan Kelun holds approximately 23.03% of SSY Group's issued share capital.

For FY2026, the annual cap for Material A purchases by SSY Group from Kelun Group is RMB174,580,000, while Material B sales from SSY Group to Kelun Group are capped at RMB82,170,000. The cap for products manufacturing services provided by Kelun Group to SSY Group is RMB27,000,000. The engagement of R&D services from Kelun Group to SSY Group has an annual cap of RMB8,000,000 for FY2026.

These transactions are subject to reporting, announcement, and annual review requirements but are exempt from circular and independent shareholders’ approval requirements, as the applicable percentage ratios exceed 0.1% but are less than 5%. The renewed agreements aim to ensure a stable supply of materials, competitive outsourcing, and enhanced R&D capabilities for SSY Group.