The Dongyue Group announced that its wholly-owned subsidiary, Dongyue Fluosilicon Technology and its joint venture, Dongyue Hydrogen, signed “Renewable Raw Materials Supply, Product Sales and Other Transaction Framework Agreement III” on 29 December 2023 to update and extend the ongoing connected transaction between the two parties. The Agreement covers the provision of raw materials and ancillary services to Higashidatake Fluorosilicon Technology from 1 January 2024 to 30 June of the same year, and to the provision of hydrogen raw materials and products and ancillary services to Higashidatake Hydrogen. Since Mr. Zhang Jianhong, Chairman of the Board of Directors, holds approximately 35.50% of the shares of Higong Dake Hydrogen through a controlled entity, DONGDAKE HYDROGEN IS CONSIDERED TO BE A CONTACT OF MR. ZHANG AND A...Show More

The Dongyue Group announced that its wholly-owned subsidiary, Dongyue Fluosilicon Technology and its joint venture, Dongyue Hydrogen, signed “Renewable Raw Materials Supply, Product Sales and Other Transaction Framework Agreement III” on 29 December 2023 to update and extend the ongoing connected transaction between the two parties. The Agreement covers the provision of raw materials and ancillary services to Higashidatake Fluorosilicon Technology from 1 January 2024 to 30 June of the same year, and to the provision of hydrogen raw materials and products and ancillary services to Higashidatake Hydrogen. Since Mr. Zhang Jianhong, Chairman of the Board of Directors, holds approximately 35.50% of the shares of Higong Dake Hydrogen through a controlled entity, DONGDAKE HYDROGEN IS CONSIDERED TO BE A CONTACT OF MR. ZHANG AND A RELATED PERSON OF THE DONGYAKE GROUP. Under Chapter 14A of the Listing Rules, the transaction is subject to the requirements of declarations and announcements, but is exempt from circular and independent shareholder approval. The terms of this Agreement are substantially the same as the previous two Agreements, with no exclusions, allowing designated subsidiaries and affiliates of Dongyue Fluorosilicon Technology to sell Higashigake raw materials and ancillary services to other customers or to procure hydrogen raw materials and products and ancillary services from other suppliers.