China Feihe Ltd. has issued a supplemental announcement regarding its continuing connected transaction under the NL47 Procurement Framework Agreement. The company clarified that the pricing terms for products procured by Feihe HLJ or its subsidiaries will be no less favourable than the prevailing market prices at the time individual purchase orders are placed. Market prices will be determined by reference to quotes from at least two independent suppliers, research reports from financial media, official pricing from the PRC National Food and Strategic Reserves Administration, and applicable retail prices. The company also disclosed the historical transaction amounts for previous years and set annual caps for the transactions at RMB100 million, RMB180 million, and RMB210 million for the years ending 31 December 2025, 2026, and 2027, respectively. All other details from the previous announcement remain unchanged.
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