Xiamen Yan Palace Bird’s Nest Industry Co., Ltd. (Stock code: 1497) announced additional information on its continuing connected transactions under two renewed agreements: the 2025 Union Yutai EBN Products Purchase and Sales Framework Agreement and the 2025 Zhongshi Hongyun Advertisement Service Framework Agreement.

The company highlights a series of pricing policies and internal controls in connection with the product purchase and sales framework. Pricing for new products is determined through a standardized process that includes cost analysis, benchmarking against at least two to three comparable industry products, and final approval of a standard retail price. All products available for sale have a standard retail price, and the relevant distributor pricing is determined by a discount from that standard retail price. Regular or special distributor visits and checks of shipping records are undertaken to ensure compliance with authorized distribution regions, while feedback channels track any misconduct among different distributors.

According to the announced reasons for renewing the purchase and sales framework with Union Yutai, the company’s ongoing cooperation extends back to 2015, supported by Union Yutai’s distribution experience in Tianjin City. Due to evaluations showing strong performance and the desire to maintain stable relationships, Xiamen Yan Palace has reaffirmed Union Yutai’s exclusive distribution rights in Tianjin City.

All other details in the original announcement remain unchanged, and the company confirms continued validity of information disclosed earlier concerning these renewal agreements.