Nanfang Communication Holdings Limited (1617) announced that on 23 October 2025, Pacific Smart, the purchaser, and Dongshan Precision signed a fourth supplemental agreement to further amend the Sale and Purchase Agreement previously disclosed. The newly agreed terms focus on specific arrangements for withholding tax payments concerning the disposal transaction.

Under the supplemental agreement, the actual amount of tax payable by Pacific Smart will be determined by the formal invoice issued by the relevant tax authority. While this figure is officially pending confirmation, the estimated tax amount is stated as US$1,679,660.49. Within three business days following the signing, Pacific Smart is required to pay an equivalent amount in RMB as a tax payment deposit to Dongshan Precision in mainland China. On the same day or the next business day, the purchaser will transfer the estimated tax amount to Pacific Smart.

According to the schedule, the party designated to handle the tax return on behalf of Pacific Smart will be responsible for submitting the tax return and remitting the tax to the relevant authority. Prior to the due date of this tax payment, Pacific Smart will pay the actual tax amount to the purchaser or its designated party outside mainland China. Dongshan Precision will then return the deposit without interest within three business days. Regardless of whether the final payable amount exceeds or is less than the estimated figure, Pacific Smart will be responsible for paying the full actual tax amount, and Dongshan Precision will return the deposit upon receipt of funds from Pacific Smart.

All other terms and conditions of the Sale and Purchase Agreement, as amended by the preceding supplemental agreements, remain in full force and effect.