Goldwind Science and Technology (HKG:2208, SHE:002202) has signed a new product sales framework agreement with major shareholder Xinjiang Wind Power to govern continuing connected transactions for 2026, according to an Oct. 24 Hong Kong bourse filing.

Hong Kong-listed shares of the firm were down nearly 3% in Monday's late-morning trade.

Under the agreement, Goldwind will sell wind turbine generators and components to Xinjiang Wind Power and its associates, with the annual transaction cap set at 180.3 million yuan.

The new framework replaces the 2025 agreement, which expires at year-end, the filing said.

The company expects a pickup in project tenders from Xinjiang Wind Power next year, citing the region's expanding renewable energy capacity and the national "dual carbon" goals.