BOER POWER (01685) announced that on October 3, 2025, the company's indirect wholly-owned subsidiary Boer Wuxi entered into a sales agreement with Boer Energy Jiangsu to sell 36 sets of gas insulated switchgear equipment and spare parts for solar power grid parity projects (including assembly service fees and materials), with a total consideration of approximately RMB 7.22 million (including VAT), or approximately RMB 6.39 million (excluding VAT).
The directors believe that the sale of gas insulated switchgear products to Boer Energy Jiangsu under the sales agreement is conducted in the ordinary course of the Group's business and on normal commercial terms or better. The transaction is beneficial to the Company as it generates revenue, and therefore serves the overall interests of the Company and all shareholders.