Chengdu SIWI Science and Technology Company Limited (Stock Code: 1202) announced that on 27 November 2025 (after trading hours), it entered into a Siwi High Tech Framework Purchase Agreement with Chengdu Siwi High-Tech Industrial Co., Ltd. (Siwi High Tech). Under this agreement, Siwi High Tech will supply accessories, cables, and cable joints for high and low frequency components to Chengdu SIWI Science and Technology from 1 January 2026 to 31 December 2026.

According to the announcement, Siwi High Tech holds a 34% direct interest in Chengdu SIWI Science and Technology and is thus regarded as a connected person under Chapter 14A of the Listing Rules. As such, the transactions are classified as continuing connected transactions and subject to reporting, annual review, and announcement requirements. The proposed annual cap for these transactions is RMB14,000,000 (tax-included), referencing historical purchases in the amounts of RMB292,950.13 in 2023, RMB1,418,369.21 in 2024, and RMB259 for the ten months ended 31 October 2025.

The company notes that key transaction terms, including pricing, will be determined based on prevailing market rates and are no less favorable than those available from independent third parties. The Board considers these terms fair and reasonable, aligning with the company’s ordinary and usual course of business and supporting ongoing operations in cable-related products. Since the applicable percentage ratios are above 0.1% but below 5%, independent shareholders’ approval is not required under the Listing Rules. The Directors also stated that they have adopted internal control measures to monitor the transactions and ensure compliance with relevant regulations.