Chengdu SIWI Science and Technology Company Limited (Stock Code: 1202) and Seekon Microwave have agreed to revise the 2025 Seekon Microwave Supply Framework Agreement’s annual cap, increasing it from RMB1.7 million to RMB5 million for the financial year ending 31 December 2025. According to the announcement, the anticipated rise in demand and business expansion at Seekon Microwave prompted this revision. The agreement was initially entered into on 23 October 2024, and the updated terms were confirmed through a supplemental agreement on 27 November 2025. Apart from the new cap, no other provisions have been altered.

In addition, both parties entered into a 2026 Seekon Microwave Supply Framework Agreement on 27 November 2025, effective from 1 January 2026 to 31 December 2026. Under this renewed contract, the proposed annual cap is set at RMB4.75 million, with pricing and conditions established at arm’s length and no less favorable than market rates. Since Seekon Microwave is a wholly-owned subsidiary of the 29th Research Institute, an indirect controlling shareholder of Chengdu SIWI, these transactions constitute continuing connected transactions under Chapter 14A of the Listing Rules. The percentage ratios of the revised and renewed annual caps exceed 0.1% but remain below 5%, making them subject to reporting, annual review, and announcement requirements while exempt from independent shareholders’ approval. The announcement states that the board of directors deems the terms fair, reasonable, and beneficial for the company’s ordinary business operations.