WISE LIVING TEC (Wise Living Technology Co., Ltd) has signed a new master supply agreement with Jiangsu Shuangliang Boiler Co., Ltd on 8 April 2026, extending an existing procurement arrangement for a further three years to 31 December 2028.

Under the renewed pact, the Group and its subsidiaries will continue to purchase heat-services-related equipment, devices, materials and associated services from Shuangliang Boiler. Transaction prices will be determined through arm’s-length negotiations, benchmarked against prevailing market quotations, and must not exceed prices offered by independent third parties for comparable products or services.

Annual transaction caps are set at RMB5.50 million for each of the financial years ending 31 December 2026, 2027 and 2028. For reference, historical purchases from Shuangliang Boiler amounted to RMB1.48 million in 2023, RMB2.19 million in 2024 and RMB0.78 million in 2025.

Shuangliang Boiler is deemed a connected person because Mr. Miao Shuangda—Wise Living TEC’s controlling shareholder—and his associates collectively hold about 66.7% of its equity. The highest applicable percentage ratio for the annual caps exceeds 0.1% but remains below 5%, subjecting the transaction to reporting, annual review and announcement requirements only, without the need for independent shareholders’ approval under Chapter 14A of the Hong Kong Listing Rules.

Directors Mr. Ma Fulin (also a director of Shuangliang Boiler) and Mr. Miao Wenbin (associate of Mr. Miao Shuangda) abstained from voting on the board resolution. Independent non-executive directors concur that the agreement is fair, reasonable and in the interests of shareholders.

Internal safeguards include obtaining independent third-party quotations for each purchase, ongoing market monitoring by relevant business units, and annual reviews by external auditors, the audit committee and independent non-executive directors to ensure compliance with pricing and cap requirements.