Huaibei GreenGold Industry Investment Co., Ltd. (2450) entered into a one-year framework agreement on December 25, 2025, with Huaibei Construction Investment Group for steel-related products. An advance payment of RMB294.20 million was made for a purchase order requiring delivery by January 10, 2026. Owing to specialized specifications, stringent transportation requirements, and severe snow conditions, the supplier was unable to meet the agreed timeline.

Huaibei Construction Investment Group ultimately refunded the full amount to Huaibei GreenGold. Since the retained sum exceeded 8% of the total assets as of June 30, 2025, an announcement under Rules 13.13 and 13.15 of the Listing Rules was required. Management highlighted that the non-disclosure resulted from an unforeseen procurement cancellation and has been identified as a one-off misinterpretation of Rule 13.13 application. Training sessions will be held for directors, senior management, and financial staff to strengthen compliance procedures in the future.