AGTECH HOLDINGS (08279) entered into a framework agreement with Alipay (Hangzhou).

AGTECH HOLDINGS (08279) announced that on December 12, 2025, the company entered into a framework agreement with Alipay (Hangzhou). The company and Alipay (Hangzhou) may from time to time enter into specific implementation agreements on their own or through their respective subsidiaries and/or affiliated companies to provide the Alipay "Touch & Go" service provided by the group to the Alipay (Hangzhou) group, with the term from the effective date until March 31, 2027. The Board of Directors believes that this transaction will promote closer cooperation between the group and the Alipay (Hangzhou) group, and enable the group to leverage Alipay's vast ecosystem and professional technology to accelerate the introduction of Alipay "Touch & Go" payment devices and adopt contactless payment functions in mainland China and Macau. The Alipay "Touch & Go" payment device allows mainland Chinese consumers to simply touch their smartphone lightly to complete payment, without the need to scan any QR codes. These devices also support "touch ordering" services. By actively promoting these payment devices, the group expects to generate revenue from the Alipay "Touch & Go" service fees through the cooperation, and strengthen its strategic position in the market by adopting advanced payment solutions. The Board of Directors believes that this partnership will also enhance the convenience of payment for end users and strengthen the group's position in the digital payment field, aligning with the growing demand in the market for efficient, seamless, and contactless payment solutions.