CITIC Telecom International Holdings Limited (Stock Code: 01883) reported the renewal of continuing connected transactions through a new services agreement dated 13 February 2026. According to the announcement, China Enterprise ICT Solutions Limited (CEC), a non-wholly owned subsidiary of CITIC Telecom International Holdings, will continue engaging an associate of CITIC Group (the Network Services Provider) to supply network circuit services.

The renewed arrangement will be effective for three years, from 19 February 2026 to 18 February 2029, with broader telecommunications technologies replacing the primarily SDH-based approach. Under the new agreement, monthly service fees vary by location, bandwidth, and distance. A one-off setup fee of RMB2,000 (approximately HK$2,240) applies for each service order.

Historical fees for 2023 to 2025 ranged between approximately RMB7.80 million and RMB8.90 million. Under the 2026 agreement, annual caps are set at RMB8.00 million for 2026 (19 February–31 December), RMB9.00 million for both 2027 and 2028, and RMB1.40 million for 2029 (1 January–18 February).

The transaction constitutes continuing connected transactions under Chapter 14A of the Listing Rules, with relevant reporting, announcement, and annual review requirements in place. The directors consider the agreement terms to be on normal commercial terms, in the ordinary course of business, and aligned with the interests of shareholders. Internal control measures include periodic market comparisons, monthly monitoring of transaction amounts against annual caps, regular board reviews, and external audits. The announcement noted that no independent shareholders’ approval is required since the highest applicable percentage ratio exceeds 0.1% but is below 5%.