Chengdu SIWI Science and Technology Company Limited (Stock Code: 1202) has entered into a 51st Research Institute Supply Framework Agreement, effective from 27 November 2025 to 31 December 2026. Under this agreement, the 51st Research Institute, a subordinary business entity of China Electronics Technology (the indirect controlling shareholder of Chengdu SIWI), will purchase optical cable assemblies and optical device sub-modules from Chengdu SIWI.

The proposed annual caps for these transactions are set at RMB 3,500,000 for the year ending 31 December 2025 and RMB 9,000,000 for the year ending 31 December 2026. The pricing mechanism is based on prevailing market rates, regularly monitored against prices for independent third parties. These transactions have been classified as continuing connected transactions under Chapter 14A of the Listing Rules, requiring reporting, annual review, and announcement but exempt from independent shareholders’ approval.

According to the announcement, the directors view the arrangement as beneficial for demonstrating the company’s technical capabilities in optical telecommunications and further strengthening its market position. The agreement includes internal monitoring and control measures to ensure fair and reasonable transaction terms, including quarterly reviews of pricing and transaction amounts by relevant internal departments and annual audits by external auditors.