XINYI SOLAR and XINYI MARINE TRANSPORTATION signed a marine transportation agreement on December 17, 2024, where XINYI MARINE TRANSPORTATION will provide marine transportation services to the XINYI SOLAR Group from December 17, 2024, to December 31, 2026. During the agreement period, the maximum annual trade value is expected to be 21.6 million USD (approximately 168.5 million HKD).According to the agreement, XINYI MARINE TRANSPORTATION will transport raw materials, equipment, and products for the XINYI SOLAR Group at market prices. Both parties will implement various internal control measures to ensure that the trade complies with general commercial terms and relevant regulations. Since XINYI GLASS is a major shareholder of XINYI SOLAR, this transaction constitutes a continuing connected transaction, subject to the reporting and announcement requirements of the listing rules.Show More

XINYI SOLAR and XINYI MARINE TRANSPORTATION signed a marine transportation agreement on December 17, 2024, where XINYI MARINE TRANSPORTATION will provide marine transportation services to the XINYI SOLAR Group from December 17, 2024, to December 31, 2026. During the agreement period, the maximum annual trade value is expected to be 21.6 million USD (approximately 168.5 million HKD).According to the agreement, XINYI MARINE TRANSPORTATION will transport raw materials, equipment, and products for the XINYI SOLAR Group at market prices. Both parties will implement various internal control measures to ensure that the trade complies with general commercial terms and relevant regulations. Since XINYI GLASS is a major shareholder of XINYI SOLAR, this transaction constitutes a continuing connected transaction, subject to the reporting and announcement requirements of the listing rules.The Directors of XINYI SOLAR and XINYI GLASS believe that this agreement is entered into under normal commercial terms in the ordinary course of business, the terms are fair and reasonable, and it serves the overall interests of their respective companies and shareholders. This move will help XINYI SOLAR obtain more cargo space and choose the most cost-effective transportation methods while increasing the utilization rate of XINYI MARINE TRANSPORTATION's vessels.