Lygend Resources & Technology (HKG:2245) has entered into a new three-year framework agreement with its controlling shareholder, Zhejiang Lygend Investment, covering the provision of engineering construction services and materials, according to an Oct. 17 Hong Kong bourse filing.

Shares of the firm were up nearly 5% in Monday afternoon trade.

Under the agreement, effective through Dec. 31, 2027, Lygend Investment and its subsidiaries will continue supplying construction and project operation services to Lygend Resources' subsidiaries on market-based terms.

The company set annual transaction caps at 500 million yuan for 2025, 700 million yuan for 2026, and 600 million yuan for 2027.

Lygend said the arrangement ensures stable, high-quality support for its project development plans while maintaining flexibility and competitive pricing.