MEGAIN (06939.HK): Framework Agreements on Chips with Pantum, Highest Annual Cap RMB 64.85 Million

NewTimeSpace News: On 17 September 2026, Megain Holding (Cayman) Co., Ltd. (stock code: 06939) published a circular on two continuing connected transactions, disclosing that on 20 August 2026 the Company entered into a purchase framework agreement and a supply framework agreement with Pantum Technology Co., Ltd. (002180.SZ), each for a term from 1 October 2026 (or the date on which the proposed annual caps are approved by the independent shareholders, whichever is later) to 31 December 2028.

Under the purchase framework agreement, the Group will purchase consumable chips and other chips from the Pantum Group, with proposed annual caps of RMB 16,500,000 for 1 October to 31 December 2026, RMB 64,850,000 for 2027 and RMB 59,350,000 for 2028. Under the supply framework agreement, the Group will supply consumable chips, other chips and related products to the Pantum Group, with annual caps of RMB 6,030,000, RMB 17,270,000 and RMB 17,820,000 respectively.

On pricing, the purchase price is determined on a transaction-by-transaction basis by reference to prevailing market prices, and must be compared with quotations from at least two independent third-party suppliers.

Pantum Technology holds 81.084% of Geehy China, which in turn indirectly holds 100% of the issued shares of Geehy International, the Company's controlling shareholder since 16 July 2026; Pantum Technology is therefore a connected person of the Company. As the highest applicable percentage ratios of the annual caps exceed 5%, the two agreements are subject to independent shareholders' approval, and an extraordinary general meeting will be held at 10:00 a.m. on 5 October 2026 through the electronic voting system. The independent financial adviser, Lego Corporate Finance Limited, considers the terms fair and reasonable; the agreements will terminate automatically if the conditions precedent are not fulfilled on or before 31 October 2026.

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