China ZhengTong Auto Services Holdings Limited (ZhengTong Auto) has signed a further supplemental agreement with connected party ITG TEDA Bonded Logistics to end two existing property lease agreements ahead of schedule.

The affected contracts—Property Lease Agreement G and Property Lease Agreement H—originally covered office space on the first to third floors, plus ground-floor open space, of ITG Park in Xiamen. The leases, effective from June 2018 and June 2019 respectively, were due to expire on 31 December 2027.

Key terms of the 8 June 2026 supplemental agreement are as follows: • Termination date: 1 April 2026. • Consideration: ZhengTong Auto’s subsidiary, Xindeco ITG Automobile, will pay RMB0.63 million, equal to two months’ rent under the original agreements. • Rent waiver: ITG TEDA Bonded Logistics will waive all rent payments from 1 April 2026 onward. • Restoration option: ZhengTong Auto may choose to renovate or restore portions of the premises at its own cost, capped at RMB0.50 million.

Regulatory perspective: ITG TEDA Bonded Logistics is a wholly-owned subsidiary of ITG Corp., which is 39.29% owned by ZhengTong Auto’s controlling shareholder, ITG Holding. Consequently, the deal is classified as a connected transaction under Hong Kong Listing Rules. All applicable percentage ratios are below 0.1%, rendering the transaction fully exempt from further reporting or shareholder approval requirements under Chapter 14A.

Management stated that the early termination is part of an initiative to “optimize the Company’s brand network layout.” The board approved the agreement on 8 June 2026; no director dissented.

Board composition at the announcement date consists of five executive directors—Chairman Huang Junfeng, Wang Mingcheng, Su Yi, Wu Xiaoqiang and Yu Lijie—and three independent non-executive directors: Tsui Wai Ling Carlye, Shen Jinjun and Yu Jianrong.