ZONQING Environmental (1855) Renews Continuing Connected Transactions Through 2028

Bulletin Express
Nov 17

ZONQING Environmental Limited (Stock Code: 1855) has announced a renewal of its continuing connected transactions with Zhongqing Investment Holding Group Limited Liability Company (ZIHG) for the period from 1 January 2026 to 31 December 2028. The six framework agreements cover equipment usage, survey and design services, property leasing, culture/commerce/tourism project management services, general contracting management of construction and municipal public works, and landscaping/ecological restoration construction works services.

Under these renewal agreements, ZONQING Environmental has proposed annual caps for each category, taking into account factors such as recent acquisitions, expanded project pipelines, and anticipated market trends. The highest applicable percentage ratios are below 5%, making the transactions partially exempt from independent shareholders’ approval. The company’s board has endorsed these arrangements after reviewing their alignment with normal commercial terms and confirming that they are in the ordinary course of business. The group has also outlined internal control measures to ensure ongoing compliance with Listing Rules requirements and to facilitate accurate monitoring of the annual caps. Overall, the renewed framework agreements aim to support ZONQING Environmental’s continued business growth and collaboration with ZIHG, particularly in infrastructure, ecological restoration, and related municipal development projects.

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