HUA YUAN MATERIALS TECHNOLOGY SIGNED A VALUE ADDED SERVICES FRAMEWORK AGREEMENT WITH HUA RUN VIENTIANE LIFE AND ITS SUBSIDIARIES ON 29 DECEMBER 2023 FOR A PERIOD FROM 31 DECEMBER 2025. The agreement allows Huarun Vientiane Life Group to provide a range of value-added services to Huayun Construction Technology, including enterprise administration, park integrated services, etc. The proposed annual cap is RMB5000 million per year, equivalent to approximately HK$5500 million (excluding tax), based on factors such as service category, demand and historical transaction amount. Pursuant to Section 14.07 of the Listing Rules, the applicable percentage of the transaction is greater than 0.1% but less than 5%, and therefore only the reporting, announcement and annual audit requirements of Chapter 14A of the Listing Rules are subject to compliance. Huarun Construction...Show More

HUA YUAN MATERIALS TECHNOLOGY SIGNED A VALUE ADDED SERVICES FRAMEWORK AGREEMENT WITH HUA RUN VIENTIANE LIFE AND ITS SUBSIDIARIES ON 29 DECEMBER 2023 FOR A PERIOD FROM 31 DECEMBER 2025. The agreement allows Huarun Vientiane Life Group to provide a range of value-added services to Huayun Construction Technology, including enterprise administration, park integrated services, etc. The proposed annual cap is RMB5000 million per year, equivalent to approximately HK$5500 million (excluding tax), based on factors such as service category, demand and historical transaction amount. Pursuant to Section 14.07 of the Listing Rules, the applicable percentage of the transaction is greater than 0.1% but less than 5%, and therefore only the reporting, announcement and annual audit requirements of Chapter 14A of the Listing Rules are subject to compliance. Huarun Construction Technology believes that this agreement helps to obtain stable value-added services at a reasonable price and reduce operating costs. Huarun Vientiane Life is an associate of Huarun Construction Materials Technology. Huarun Land Limited holds approximately 72.29% of the shares of Huarun Vientiane Life, while Huarun Holdings is indirectly owned by Huarun Group, and Huarun Group is wholly owned by Huarun China.