CH SUPPLY CHAIN (03708) announced on December 9, 2025, that it has signed a share purchase framework agreement with Beijing Duhuang Information Technology Research Institute (Beijing Duhuang) regarding the potential acquisition of shares in Huamao International Barter Exchange Co., Ltd. (Huamao). According to the agreement, Beijing Duhuang, which currently holds a 56.7% stake in Huamao, will sell a certain proportion of shares to CH SUPPLY CHAIN. The specific acquisition ratio and price will be negotiated upon completion of legal, financial, and operational due diligence by CH SUPPLY CHAIN. The due diligence period is set for three months from the signing date, extendable by mutual consent. Additionally, Beijing Duhuang has granted CH SUPPLY CHAIN a 12-month exclusive negotiation period starting from the agreement signing date.

Huamao is positioned as "the only state-approved international barter exchange in China," aiming to establish a global unified market and the World Barter Trade Organization (WBTO). The platform offers nine core services, including trading, incubation, and branding, collaborating with authoritative institutions such as the World Digital Economy Organization and the China Enterprise Confederation, as well as the Certification Center under the State Administration for Market Regulation, to provide enterprises with comprehensive digital transformation and international expansion services.

The board believes that the framework agreement may create additional business opportunities for the group, enabling both CH SUPPLY CHAIN and Beijing Duhuang to leverage their respective strengths, resources, and expertise to jointly develop China's international barter trade. This agreement is expected to drive corporate growth and aligns with the best interests of the company and its shareholders.