China Infrastructure & Logistics Group Ltd. (CILGL, 1719) issued an announcement indicating plans to renew two framework agreements with Hubei Port for three years, covering 1 January 2026 to 31 December 2028. The proposed transactions focus on port logistics services, encompassing port loading and unloading, container management, leasing, and other related services.

Based on information in the announcement, CILGL and Hubei Port agreed on separate arrangements regarding service fees. Those fees are set or reviewed with reference to standard fee schedules, market demand, and government-guidance pricing if applicable. Hubei Port (Hong Kong), ultimately controlled by Hubei Port, holds approximately 74.98% of CILGL and is considered a connected person under relevant listing rules.

The proposed annual caps under the “2026 CIL Comprehensive Port Logistics Services Framework Agreement” are set at RMB19.20 million, RMB20.72 million, and RMB23.11 million for each respective year from 2026 to 2028. For transactions under the “2026 Hubei Port Comprehensive Port Logistics Services Framework Agreement,” the annual caps are RMB38.06 million, RMB40.39 million, and RMB44.22 million for each respective year from 2026 to 2028.

An extraordinary general meeting is scheduled for 9 March 2026 at 11:00 a.m. Eligible shareholders may vote on whether to approve the agreements and their proposed annual caps. The announcement specifies that Hubei Port (Hong Kong) and its associates will abstain from voting. The agreements are subject to reporting, annual review, and approval requirements under applicable listing rules.