Zonqing Environmental (HKG:1855) said it has entered into a new series of framework agreements with Zhongqing Investment (ZIHG) covering multiple continuing connected transactions for the three years from Jan. 1, 2026, to Dec. 31, 2028, according to a Monday Hong Kong bourse filing.

Shares of the firm were down over 5% in Tuesday afternoon trade.

The renewed agreements cover equipment usage, survey and design services, property leasing, culture-commerce-tourism project management, general contracting management of construction and municipal works, and landscaping and ecological restoration services.

Proposed annual caps for each category range from 2 million yuan to 70 million yuan over the period, the filing showed.