SIIC Environment Holdings Ltd. has announced that on 27 February 2026 it entered into a Financial Services Agreement with SIIC Finance for deposit services, credit services, and other financial services over a term not exceeding three years, ending by 31 December 2028. According to the announcement dated 1 March 2026, SIIC Finance is considered a connected person due to its relationship with the Company’s controlling shareholder, SIIC.

The deposit services will involve a maximum daily outstanding balance of up to RMB 2.00 billion (including accrued interest). Given this amount surpasses 25% of the applicable percentage ratio, it constitutes a major transaction under Chapter 14 of the Hong Kong Listing Rules and also triggers continuing connected transaction requirements under Chapter 14A. These deposit services will require independent shareholders’ approval at an upcoming annual general meeting.

Under the same agreement, SIIC Finance may also offer credit services on normal commercial terms without requiring any security from the Group. As such, these credit services are fully exempt from further reporting or shareholders’ approval requirements under the Hong Kong Listing Rules. Other financial services listed in the Financial Services Agreement fall below the de minimis threshold and are likewise exempt from additional approvals.

The Board has formed an Independent Board Committee consisting of all independent non-executive directors to consider and advise on the deposit services portion of the agreement. An independent financial adviser has also been appointed to counsel the committee and independent shareholders. The Company plans to distribute a circular with full details, including the proposed RMB 2.00 billion deposit cap, the independent opinion, and the annual general meeting notice. Shareholders of SIIC Environment Holdings Ltd. should refer to the forthcoming circular for comprehensive information on these transactions.