On 12 February 2026, Yunnan Energy International Co. Limited (“Yunnan Energy International,” Stock Code: 1298 in Hong Kong, T43 in Singapore) issued a circular regarding continuing connected transactions under a new Master Purchase Agreement with Yunnan Energy New Materials, a wholly-owned subsidiary of Yunnan Provincial Energy Investment Group Co., Ltd. The agreement allows Yunnan Energy International to purchase silicon materials from Yunnan Energy New Materials from the commencement date to 31 December 2027.

According to the circular, the proposed annual transaction caps under the agreement are set at approximately HK$172 million each for the years ending 31 December 2026 and 31 December 2027. The pricing basis of any purchase will reference market rates for comparable silicon materials, ensuring terms no less favorable than those available from independent third parties. The agreement is subject to approval by independent shareholders.

A Special General Meeting is scheduled on 27 February 2026 at 10:00 a.m. (Hong Kong time), both in person at Room 2008, 20/F, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong, and via webcast. Shareholders’ votes will determine whether to approve the Master Purchase Agreement, its transactions, and the relevant annual caps.