DC HOLDINGS (Digital China Holdings Limited) announced that Digital China Group Co., Ltd. (DCG) lifted its stake above 10 % on 16 April 2026, becoming a substantial shareholder and, therefore, a connected person under Hong Kong’s Listing Rules. As a result, all existing mutual supply dealings between the two parties are now classified as continuing connected transactions and subject to Chapter 14A disclosure requirements.

The relevant dealings are governed by the Daily Operation Mutual Supply Framework Agreement, signed on 16 September 2025 and effective from 1 January 2026 to 31 December 2027. Under the agreement, the Group and DCG Group will continue to exchange IT infrastructure hardware and software, office and venue operation services (including operating leases), supply-chain management, software and technology services, and other ancillary offerings. Pricing will be set through arm’s-length negotiations with reference to prevailing market rates.

Historical transaction data show that, in 2023, the Group paid DCG Group RMB 820.77 million for goods and services, while receiving RMB 471.63 million in return. Corresponding figures for 2024 and 2025 were RMB 439.61 million and RMB 230.00 million (payments to DCG Group) and RMB 444.20 million and RMB 419.38 million (receipts from DCG Group), respectively.

To accommodate anticipated business growth, the parties have set identical annual caps for 2026 and 2027: • Payments by the Group to DCG Group—up to RMB 1.14 billion per year. • Payments by DCG Group to the Group—up to RMB 1.37 billion per year.

The caps were determined with reference to historical volumes, expected increases in joint business activities, higher demand for computing-centre projects, projected rental obligations under operating leases, and prevailing market prices.

Management considers the agreement and its terms to be in the ordinary and usual course of business, conducted on normal commercial terms, and beneficial to the company’s financial performance and operational stability.

DC HOLDINGS, listed on the Hong Kong Stock Exchange since 2001, focuses on “Data × AI” solutions and integrated supply-chain services. Shenzhen-listed DCG specialises in digital cloud services, proprietary hardware, and IT distribution, serving sectors such as FMCG retail, automotive, finance, healthcare and government.

The company will continue to observe annual review and disclosure requirements under Rule 14A.60 of the Listing Rules and will seek further approvals if the framework agreement is renewed or amended.