GCL Technology (HKG:3800) said its units entered into agreements to sell wafers and silicon material products to GCL System Integration Technology, according to a March 6 Hong Kong bourse filing.

The company's shares were down nearly 3% in Monday morning trade.

Under a 2026 wafer sale agreement, unit GCL Technology Suzhou will sell wafers to GCL System Integration through Dec. 31, with total sales capped at 300 million yuan.

Separately, Jiangsu Zhongneng, another unit of the company, entered into a 2026 silicon material products sale agreement with GCL System Integration (Suzhou) to supply silicon material products through Dec. 31, also capped at 300 million yuan.