Red Arrow adjusts 2025 related-party transactions, forecasts 2026

North Industries Group Red Arrow announced an upward adjustment of its 2025 estimated ordinary course related-party transaction amount by 860 million yuan, bringing the total estimated amount to 5.5875 billion yuan. This revision includes an increase of 980 million yuan for procurement of raw materials and semi-finished products, a decrease of 270 million yuan for sales of goods and products, an increase of 60 million yuan for services provided, and an increase of 90 million yuan for services received. These adjustments are based on actual production and operational needs.

For 2026, the company projects total ordinary course related-party transactions with China North Industries Group Corporation and Yuxi Industrial Group Co., Ltd. and their affiliates to reach 6.264 billion yuan. These transactions encompass procurement and sales of fuel, power, raw materials, semi-finished products, labor, and services, as well as property and equipment leasing.

The adjustments and 2026 forecasts were reviewed and approved by the company's independent directors and the audit committee on December 22, 2025, and subsequently by the board of directors on December 24, 2025. The 2026 forecasts require approval from the general meeting of shareholders in the first extraordinary general meeting of 2026.