Zhisansuaijian (01751) affiliated Jingheng and Lik Yue Investment (Hong Kong) Co Limited has signed a procurement cooperation agreement.

date
22:33 16/03/2026
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GMT Eight
China Smart Solutions Limited (01751) announced that on March 6, 2026, its wholly-owned subsidiary, Jingheng (Greater China) Limited (Jingheng), entered into a procurement cooperation agreement (procurement agreement) with Lik Yue Investment (Hong Kong) Co Limited (supplier). The supplier appointed Jingheng as its agent for gas turbine units in the Greater China region, and Jingheng agreed to purchase these products from the supplier for use in the company's smart energy engineering projects. The term of the procurement agreement is approximately 30 months, starting from March 6, 2026 until September 5, 2028, with an estimated total procurement value of RMB 100 million.
Zhi Suan Neng Jian (01751) announced that on March 6, 2026, its wholly-owned subsidiary Jing Heng (Greater China) Limited (Jing Heng) entered into a procurement cooperation agreement (procurement agreement) with Lik Yue Investment (Hong Kong) Co Limited (Supplier). The Supplier appointed Jing Heng as its distributor of gas turbine units in Greater China, and Jing Heng agreed to purchase these products from the Supplier for use in the group's intelligent energy engineering projects. The procurement agreement is for a period of approximately 30 months, starting from March 6, 2026, and ending on September 5, 2028, with an estimated total procurement value of 100 million RMB. According to the procurement agreement, Jing Heng must make a prepayment of 12 million Hong Kong dollars to the Supplier within 10 days after signing the procurement agreement. The prepayment will be used to offset any future payments owed by Jing Heng to the Supplier for orders placed under the procurement agreement. If no specific purchase orders are issued within six months from the date of the prepayment, the Supplier must fully refund the prepayment to Jing Heng. The prepayment is unsecured, interest-free, and non-mortgaged. The directors believe that the prepayment was made under normal commercial terms and in the ordinary course of the group's daily and general business operations.