On 2 December 2025, China Wantian Holdings Limited (1854) disclosed the execution of two supplemental agreements through its indirect wholly-owned subsidiary, Shenzhen Wantian Catering. The first is a Supplemental Catering Tenancy Agreement with Wangu Basket, aimed at restructuring lease arrangements by surrendering certain premises out of the original catering facilities. The second is a Supplemental Management Service Agreement with Wangu Business Management for the provision of management services at the remaining premises.

According to the announcements, the surrendered premises total 5,297.57 square meters, and a deposit amounting to approximately RMB610,000 (excluding tax) will be forfeited. Shenzhen Wantian Catering will also pay a penalty of around RMB665,000 in lieu of prior notice. The remaining premises comprise 6,677.76 square meters, with monthly rental fees remaining at about RMB417,000 (inclusive of tax), calculated at the same rate as stated in the original tenancy agreement. The partial termination of the lease will be recognized as a disposal of a right-of-use asset of around RMB7,900,000.

Concurrently, the management services adjust proportionally to the new reduced area, and Wangu Business Management will cease services for the surrendered portion. Management fees for the remaining premises stand at roughly RMB58,000 per month (inclusive of tax), plus utilities and a yearly fire service maintenance fee of about RMB21,000. The highest applicable percentage ratio under the Listing Rules for both the tenancy and management service agreements remains below 5%. As a result, while the transactions qualify as connected transactions and continuing connected transactions, they only require reporting and announcement, exempt from independent shareholders’ approval and the issuance of a circular.