China Risun Group (HKG:1907) proposed raising the annual caps for project services transactions with Xuyang Holding to 1.1 billion yuan for each of 2026 and 2027 from 500 million yuan.

The energy chemicals company said in a Monday Hong Kong bourse filing that the existing caps are expected to be exceeded in both years.

The revised caps, which are subject to independent shareholder approval, cover project design, construction management and general contracting services provided by Xuyang Holding Group under a framework agreement.

China Risun shares were down over 1% in recent trade.