Mongolia Energy Corporation Limited (276) announced plans to renew its continuing connected transactions through a new Logistics Services Framework Agreement with 新疆遠見鴻業物流有限公司 (VVLJV), an indirect non-wholly owned subsidiary of Vision Values Holdings Limited (862). The proposed agreement covers the period from 1 April 2026 to 31 March 2029, subject to approval at a Special General Meeting scheduled for 27 February 2026.

Under the agreement, VVLJV would provide logistics services, including gangue backfilling and coal product transportation in Xinjiang, at prices benchmarked against independent third-party quotes. The annual caps are set at RMB250 million, RMB287 million, and RMB330 million for each successive financial year. According to the announcement, these caps reflect the Group’s estimated logistics needs, taking into account previous transaction amounts and potential demand recovery in the Chinese coal market.

Because VVLJV is indirectly held by Vision Values, whose controlling shareholder also holds a substantial stake in Mongolia Energy, the agreement constitutes continuing connected transactions under Stock Exchange rules. Somerley Capital Limited, as the independent financial advisor, concluded that the framework agreement terms are fair and reasonable. The Board recommends voting in favor of the proposal at the upcoming meeting. Shareholder approval is required before the new arrangement takes effect.