Beijing Enterprises Holdings (00392, “Beijing Enterprises”) has signed a new three-year Financial Services Agreement with Beijing Enterprises Group Finance Co., Ltd. (“Finance Company”), an associate of its parent Beijing Enterprises Group (“BE Group”). The pact will run from 28 August 2026 to 27 August 2029, replacing the accord that expires on 27 August 2026.

Key terms • Scope: Finance Company will continue providing deposit, loan and other treasury services— including fund settlement, cross-border transfers and guarantees—on terms no less favourable than those offered by independent banks. • Deposit cap: Maximum daily deposits (including accrued interest) will rise 43.7 % to RMB 12.50 billion for each of the following periods: 28 Aug – 31 Dec 2026, FY 2027, FY 2028 and 1 Jan – 27 Aug 2029. The existing cap is RMB 8.70 billion, of which 99.9 % had already been utilised by 30 June 2026. • Loan facility: Finance Company plans to lift credit lines to the group to RMB 13 billion, earmarking RMB 4-5 billion for LNG and natural-gas trading, RMB 2-3 billion for environmental and solid-waste projects, and up to RMB 3 billion for gas-infrastructure upgrades and distributed energy.

Rationale Management cites near-full utilisation of the current cap, the group’s sizeable cash position (RMB 31.27 billion at 31 Dec 2025) and stronger operating cash inflows (RMB 7.40 billion in 2025) as drivers for the higher limit. Deposits with the Finance Company earned, on average, interest 60 basis points above comparable commercial-bank rates, adding roughly RMB 6.00 million of annual income per RMB 1 billion deposited.

Risk controls • The group nominates directors to the Finance Company’s board and subjects transactions to competitive tender to ensure market-comparable terms. • Daily monitoring systems prevent deposit balances from breaching the approved caps; any excess triggers automatic refunds. • As at 30 June 2026 the Finance Company’s capital adequacy stood at 28.56 %, liquidity ratio at 105.41 %, and non-performing loan ratio at 0 %.

Regulatory and shareholder matters Because BE Group holds 62.23 % of Beijing Enterprises and 48.52 % of the Finance Company, the Deposit Services constitute a major and continuing connected transaction under Hong Kong listing rules. An Extraordinary General Meeting is set for 26 August 2026 to seek independent shareholders’ approval; BE Group and its associates will abstain from voting.

Independent oversight An Independent Board Committee comprising the four independent non-executive directors has been formed, and Diligent Capital Ltd has been appointed as the independent financial adviser.

If approved, the enlarged deposit cap is expected to enhance treasury flexibility, optimise funding costs and support the group’s expanding gas, water, environmental and beer operations.