WUXI LEAD Intelligent Equipment Co., Ltd. (WUXI LEAD) released a supplemental announcement on 18 September 2026 detailing additional pricing and internal-control measures for its Procurement Framework Agreement with Leadmicro Nano, a connected party.
The company reiterated that prices for relevant equipment and services will be determined on an arm’s-length basis, guided by voluntariness, equality, mutual benefit and reciprocity. When comparable products or services exist in the market, WUXI LEAD will source quotations from at least two independent third-party suppliers to ensure terms are no less favourable than market equivalents.
For bespoke or project-specific orders where direct market comparisons are unavailable, management will benchmark proposed prices against prevailing industry practices, estimated costs and overall commercial terms to confirm fairness and reasonableness.
The board stated that these pricing policies and related internal controls are sufficient to guarantee transactions remain on normal commercial terms and protect shareholder interests. All other information in the 28 August 2026 announcement remains unchanged.
The board currently comprises four executive directors—Mr. Wang Yanqing (Chairman and CEO), Mr. Wang Jianxin, Mr. You Zhiliang and Mr. Wang Lei—and three independent non-executive directors—Ms. Zhang Mingyan, Mr. Dai Jianjun and Ms. Wong Sze Wing.