Goldwind Science & Technology Co., Ltd. (stock code: 02208) entered into a 2026 Product Sales Framework Agreement on 24 October 2025 with substantial shareholder Xinjiang Wind Power. The agreement outlines continuing connected transactions covering the sale of wind turbine generators, parts, and components from 1 January 2026 to 31 December 2026.

According to the announcement, these transactions are determined through either a public tender process or by referencing prevailing market prices. The proposed annual cap under the new agreement is RMB180.32 million, based on factors such as potential orders, bidding schedules, and anticipated delivery timelines. Goldwind reported no connected sales under the 2025 Product Sales Framework Agreement in the first nine months of 2025 but expects some product deliveries in the fourth quarter.

As Xinjiang Wind Power holds approximately 11.78% of Goldwind’s total issued shares, it is considered a connected person under the Listing Rules. Since the applicable percentage ratios for the proposed annual cap exceed 0.1% but remain below 5%, only announcement and annual review requirements apply; no independent shareholders’ approval is needed. Goldwind’s internal control measures, including transaction price audits and regular monitoring, will continue to ensure fairness and compliance.

The agreement aims to maintain a stable partnership with Xinjiang Wind Power and secure future business opportunities in China’s expanding renewable energy market. Directors, including independent non-executive members, concluded that the deal aligns with the company’s interests and is conducted on normal commercial terms in the ordinary course of business.