Beijing Energy International Holding Co., Ltd. (stock code: 686) has announced the signing of a 2026-2028 Electricity and Green Electricity Certificates (GECs) Transaction Framework Agreement with its controlling shareholder, Beijing Energy Holding Co., Ltd. (BEH). The agreement, which covers the purchase and supply of electricity, the provision of agency services, and the trading of GECs, becomes effective on 28 February 2026 and ends on 31 December 2028.

Under the agreement, the maximum annual transaction amounts for the purchase of electricity are set at RMB40.00 million, RMB60.00 million, and RMB80.00 million for the years ending 31 December 2026, 2027, and 2028, respectively. For the supply of electricity, the caps are RMB95.00 million, RMB97.00 million, and RMB99.00 million for the same periods. The agency services and GECs trading caps begin at RMB10.00 million each in 2026 and increase to RMB30.00 million each by 2028.

For the year ended 31 December 2025, the company purchased RMB56.09 million worth of electricity from BEH and sold RMB95.92 million worth of electricity to BEH. GEC transactions in 2025 amounted to RMB0.01 million. The agreement is subject to reporting, annual review, and announcement requirements under the Hong Kong Listing Rules, but is exempt from independent shareholders’ approval due to the applicable percentage ratio being between 0.1% and 5%. A director who holds a senior position at BEH abstained from voting on the Board resolution that approved the agreement; no other director had a material interest. The company will continue to apply internal control and monitoring procedures to ensure all transactions under this framework agreement are conducted on normal commercial terms and within the approved annual caps.