Ocean One Holding Ltd. (09876) has signed third supplemental agreements with two connected customers—Nakamura Japanese Food Company and Ichiban Pacific (H.K.) Limited—to prolong existing master sales agreements by three years to 31 March 2029.

Key terms • Contract period: 1 April 2026 – 31 March 2029, maintaining all original commercial terms. • Pricing: On arm’s-length basis and no more favourable than terms offered to independent third-party customers, with prices referenced to volume, product specifications, procurement cost, prevailing price lists and market benchmarks. • Payment: Full settlement on delivery or credit terms up to 60 days, consistent with normal practice for independent customers.

Annual caps (HK$’000) • Nakamura: 5,300 for each of the years ending 31 March 2027, 2028 and 2029. • Ichiban: 4,500 for each of the same three fiscal years; raised from the previous HK$2.20 m limit after sales to Ichiban reached HK$2.03 m in FY 2025.

Historical utilisation • FY 2024 – Nakamura HK$2.35 m (44% of cap); Ichiban HK$0.51 m (23% of cap). • FY 2025 – Nakamura HK$1.87 m (35%); Ichiban HK$2.03 m (92%). Annual caps for FY 2024–FY 2026 were not exceeded.

Regulatory classification The continuing connected transactions fall within the 0.1%–5% percentage ratio under Chapter 14A of the Hong Kong Listing Rules, requiring disclosure, reporting and annual review but exempting independent shareholders’ approval. Executive Director Mr. Chan Kin Fung and related parties abstained from board voting due to family ties with the counterparties.

Rationale Management cites a long-standing, stable business relationship with both customers and expects the renewals to secure recurring revenue without increasing caps for Nakamura and with a measured uplift for Ichiban to accommodate higher demand.