Wuhan Youji Holdings Ltd. (Wuhan Youji) has signed a new three-year framework agreement with related party Wuhan Xinkang Chemical Equipment Co., Ltd. to secure equipment production, installation and maintenance services for 2026-2028.
• Contract scope and term: Xinkang Chemical will supply pressure vessels, pipes, fittings and related services from 1 January 2026 to 31 December 2028. • Annual caps: RMB110.00 million for each of the three years, lifting the 2026 cap from the previously approved RMB63.40 million. Total potential consideration reaches RMB330.00 million. • Pricing and payment: Fees will be benchmarked against at least two independent quotations; equipment orders require a 20%–50% deposit, while installation/maintenance fees are paid on completion with 5% retention for quality assurance. • Historical utilisation: Service fees paid to Xinkang Chemical were RMB25.70 million in 2023, RMB59.60 million in 2024 (94% of cap) and RMB62.30 million in 2025 (≈98% of cap). • Connected-party status: Xinkang Chemical is 66.86% owned by non-executive director and controlling shareholder Mr. Gao Lei, making the deal a non-exempt continuing connected transaction and a discloseable transaction under the Hong Kong Listing Rules.
Independent shareholders will vote on the agreement, the revised 2026 cap and the new 2027-2028 caps at an extraordinary general meeting (EGM) on 20 May 2026. Mr. Gao Lei, Mr. Shen Yingming and their associates will abstain from voting.
Name change and constitutional update • English name to change from “Wuhan Youji Holdings Ltd.” to “Wuhan Youji Holdings Limited”; the Chinese name remains unchanged. • Adoption of a second amended and restated memorandum and articles of association to reflect the new name. • The name change is subject to Cayman Islands registration and shareholder approval at the same EGM.
The notice confirms that existing share certificates remain valid and that trading arrangements will be unaffected. The EGM will be held in Wuhan immediately after the 2026 annual general meeting.