JINYAN KAOLIN (02693.HK): Enters Engineering Procurement Contract with Connected Party for RMB 7 Million

NewTimeSpace News: On 27 August 2026, Anhui Jinyan Kaolin New Materials Co., Ltd. (stock code: 02693) announced that it entered into an engineering procurement contract with Huaikuang Engineering, under which Huaikuang Engineering will provide 15 items of deficiency rectification services including dismantling, adding pile foundations and re-installing and reinforcing the racks of the finished goods warehouse, for a consideration of RMB 7.0 million (including 9% VAT), with a contract period of 180 days.

According to the announcement, Huaikuang Group, a controlling shareholder holding approximately 45.09% of the Company, whose wholly-owned subsidiary Huaikuang Engineering is therefore a connected person; the transaction constitutes a connected transaction. As the highest applicable percentage ratio exceeds 0.1% but is below 5%, the transaction is subject to reporting and announcement requirements but is exempt from independent shareholders' approval.

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