Wise Living Technology Co., Ltd. (2481) announced revisions to the existing annual cap and a renewal of its master agreement with Shuangliang Eco-Energy. The current arrangement, originally set under a 2025 annual master agreement effective from 22 May 2025 to 31 December 2025, is being revised to increase the annual cap for certain add-on services related to heat equipment.

According to the company, the adjustment stems from an increased demand for technical updates and maintenance services for heat exchange units in Taiyuan. Specifically, the annual cap for these add-on services will rise from RMB1 million to RMB6 million for 2025. Other terms of the 2025 agreement remain unchanged.

Along with the revised cap for 2025, Wise Living Technology has also signed a new master agreement covering the period from 1 January 2026 to 31 December 2028. Under this agreement, the company will continue purchasing heat services-related equipment and materials—with supporting services—as well as add-on services such as maintenance and safety monitoring. Annual purchase caps for heat-related goods are set at RMB17 million for each of the three years, while annual caps for add-on services are RMB6 million each year.

Historical data shows the company has maintained a long-term procurement relationship with Shuangliang Eco-Energy. Shuangliang Eco-Energy, which is approximately 45.9% owned (directly and indirectly) by one of Wise Living Technology’s controlling shareholders, is deemed a connected person under Chapter 14A of the Listing Rules. As relevant percentage ratios for the new caps exceed 0.1% but remain below 5%, both the revised 2025 agreement and the renewed contract for 2026–2028 are subject to reporting, announcement, and annual review requirements. They are exempt from independent shareholders’ approval.

The company notes that directors with interests in Shuangliang Eco-Energy abstained from voting on these deals, and that internal control measures—such as regular market checks and annual reviews by both management and auditors—are in place to ensure fairness in pricing. The revised framework aims to address equipment maintenance needs on existing projects while providing a stable supply arrangement for Wise Living Technology’s heat services business in the years ahead.