Sinotrans Limited (00598) announced that it has entered into several new agreements involving continuing connected transactions with Sinotrans Changjiang, Jiangsu Shipping Agency, and Zhejiang Daojiahui. The agreements aim to ensure compliance with relevant listing requirements and govern the provision of logistics services and the purchase of office supplies and equipment for the period from 2026 onward.

Sinotrans Changjiang and Jiangsu Shipping Agency are connected subsidiaries in which China Merchants holds more than 10% equity interests. According to the announcement, these new Sinotrans Changjiang Master Services Agreement and Jiangsu Shipping Agency Master Services Agreement cover logistics services from 2026 to 2028 and from 2026 to 2027, respectively. For Sinotrans Changjiang, the proposed annual caps on logistics services provided or received range from RMB7.92 to RMB13.57 hundred million, each applying a projected 20% annual growth. For Jiangsu Shipping Agency, the annual caps range from RMB0.81 to RMB0.89 hundred million for services received and RMB0.60 to RMB0.72 hundred million for services provided.

In addition, Sinotrans Limited reached a Master Purchase Agreement with Zhejiang Daojiahui to secure office supplies and equipment through an online platform from 2026 to 2028, with proposed annual caps of RMB1.00, RMB1.10, and RMB1.20 hundred million, respectively. Zhejiang Daojiahui is connected to the same controlling shareholder, China Merchants, which holds approximately 59.38% of Sinotrans Limited’s total share capital. The applicable percentage ratios for these transactions exceed 0.1% but remain below 5%, making them subject only to reporting, announcement, and annual review requirements under the Listing Rules.

No directors of Sinotrans Limited are required to abstain from voting under the Listing Rules; however, several directors with concurrent positions at China Merchants elected not to vote in accordance with PRC regulations.