Jereh Oilfield Services announces 75.5m yuan in 2026 connected transactions

Yantai Jereh Oilfield Services Group Co., Ltd. (Jereh Oilfield Services) has projected its daily connected transaction limit for 2026 to be 75.5 million yuan. This includes transactions with companies controlled by the actual controller, totaling up to 43.5 million yuan. Specifically, Jereh Oilfield Services expects to procure goods and services from these related parties up to 42 million yuan and sell goods and provide services up to 1.5 million yuan.

Additionally, transactions with Yantai Demei Power Co., Ltd. are estimated to reach up to 32 million yuan. This comprises procurement of goods and services from Yantai Demei Power up to 20 million yuan and sales of goods and provision of services up to 12 million yuan. As of November 2025, the actual connected transactions with these parties totaled 32.679 million yuan.

The company's board of directors, excluding interested parties, approved these estimates, with independent directors also consenting. The transactions, valued at 0.36% of the company's audited net assets from the previous year, are based on market fair prices or cost-plus methods, aiming to avoid any detriment to the company or its shareholders.