CR BLDG MAT TEC Holdings Limited signed a three-year comprehensive energy project framework agreement with CHINA RES POWER Holdings Limited on December 27, 2024, effective from January 1, 2025, to December 31, 2027. The agreement involves CHINA RES POWER Group utilizing the rooftops and idle land of CR BLDG MAT TEC Group to install Photovoltaic Power Station facilities and provide electricity supply and integrated energy services.The annual limit of the agreement is 0.13 billion RMB, which is an increase compared to the historical transaction amount of the 2023 framework agreement. Pricing will be based on market prices and take into account factors such as CHINA POWER system reform policies. CR BLDG MAT TEC stated that this cooperation helps explore integrated energy usage that aligns with China...Show More

CR BLDG MAT TEC Holdings Limited signed a three-year comprehensive energy project framework agreement with CHINA RES POWER Holdings Limited on December 27, 2024, effective from January 1, 2025, to December 31, 2027. The agreement involves CHINA RES POWER Group utilizing the rooftops and idle land of CR BLDG MAT TEC Group to install Photovoltaic Power Station facilities and provide electricity supply and integrated energy services.The annual limit of the agreement is 0.13 billion RMB, which is an increase compared to the historical transaction amount of the 2023 framework agreement. Pricing will be based on market prices and take into account factors such as CHINA POWER system reform policies. CR BLDG MAT TEC stated that this cooperation helps explore integrated energy usage that aligns with China's Carbon Neutrality policy.As CHINA RES POWER is a related party of CR BLDG MAT TEC, this transaction constitutes a continuing connected transaction. According to the listing rules, the transaction only needs to comply with reporting, announcement, and annual review requirements without the necessity of independent Shareholder approval. The Board of Directors believes that the agreement terms are fair and reasonable, aligning with the overall interests of the company and Shareholders.