China Conch Venture Holdings Limited (Conch Venture) announced on June 27, 2024 that it has signed a series of continuing related party transactions agreements with Conch Group and its related subsidiaries, including sales commodity framework agreement, procurement commodity framework agreement, technology and other service framework agreement, and service provision framework agreement. These agreements are intended to ensure the continuity of the group's operation and reduce disruption to its business, and are expected to provide a stable source of income for Conch Venture. Conch Group became a major shareholder of Conch Venture with a stake of approximately 10% on March 5, 2024, and thus became a related party. According to the listing rules, these transactions need to comply with reporting, annual review and announcement requirements, but are exempt from independent shareholder approval. Conch Venture's main business includes the construction and operation of waste-to-energy projects, production and sales of new energy materials and new building materials, and port logistics services.

China Conch Venture Holdings Limited (Conch Venture) announced on June 27, 2024 that it has signed a series of continuing related party transactions agreements with Conch Group and its related subsidiaries, including sales commodity framework agreement, procurement commodity framework agreement, technology and other service framework agreement, and service provision framework agreement. These agreements are intended to ensure the continuity of the group's operation and reduce disruption to its business, and are expected to provide a stable source of income for Conch Venture. Conch Group became a major shareholder of Conch Venture with a stake of approximately 10% on March 5, 2024, and thus became a related party. According to the listing rules, these transactions need to comply with reporting, annual review and announcement requirements, but are exempt from independent shareholder approval. Conch Venture's main business includes the construction and operation of waste-to-energy projects, production and sales of new energy materials and new building materials, and port logistics services.