BAMA TEA (06980) enters into a framework agreement with Wang Xin Ji for the sale and purchase of tea and other tea products

BAMA TEA (06980) announces that on November 4, 2026, the Company entered into a framework agreement for the sale and purchase of tea and other tea products with Wang Xin Ji (a connected subsidiary of the Company), pursuant to which the supplier group will, from time to time during the term of the framework agreement for the sale and purchase of tea and other tea products (which term will commence on January 1, 2027 and continue until December 31, 2029), supply tea and other tea products to Wang Xin Ji and/or its subsidiaries. The Board (including the independent non-executive Directors) considers that the terms of the framework agreement for the sale and purchase of tea and other tea products are fair and reasonable, were entered into on normal or more favorable commercial terms, are conducted in the ordinary and usual course of business of the Group, and are in the overall interests of the Company and its shareholders. Wang Xin Ji is positioned in the high-end tea market and targets high-net-worth customers. The transactions contemplated under the agreement will support the Group's expansion in this market and create additional growth opportunities. This cooperation represents the Group's initiative to proactively expand its business, which can bring incremental performance and strengthen the Group's overall operational resilience. This will contribute to the long-term steady development of the Group's business.