Announcement on Estimated Annual Connected Transactions for 2026
Securities Code: 002415 Securities Abbreviation: Hikvision Announcement No.: 2026-008
Hangzhou Hikvision Digital Technology Co., Ltd. Announcement on Estimated Annual Connected Transactions for 2026
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
I. Basic Situation of Connected Transactions
(I) Overview of Connected Transactions
- Procurement of Raw Materials, Acceptance of Labor Services, Sales of Goods, Provision of Labor Services, Leasing, and Others
For the year 2026, Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafter referred to as "Hikvision" or "the Company") and its subsidiaries are expected to engage in connected transactions with related parties totaling no more than RMB 753,600 million (excluding tax). In 2025, the actual total amount of connected transactions between the Company and its subsidiaries and related parties was RMB 371,549 million (excluding tax).
- Financial Services Business with the Finance Company
For the year 2026, the maximum daily balance of funds deposited by the Company and its subsidiaries in China Electronics Technology Group Corporation Finance Co., Ltd. (hereinafter referred to as "Finance Company") (including accrued interest) shall not exceed 20% of the total owners' equity in the consolidated financial statements of the previous year. The comprehensive credit line that can be used cyclically shall not exceed RMB 5 billion (inclusive), and the other financial service line that can be used cyclically shall not exceed RMB 6 billion (inclusive).
- Deliberation Procedures for Connected Transactions
On April 16, 2026, the Company held the Ninth Meeting of the Sixth Board of Directors, which deliberated and approved the "Proposal on the Estimated Annual Connected Transactions for 2026." Connected directors Fu Bojun, Xu Lixing, Xu Peng, and Wu Xiaobo recused themselves from voting. The Independent Directors' Special Committee reviewed and approved the above-mentioned connected transaction matters in advance.
These connected transaction matters are still subject to review by the Company's Shareholders' Meeting. Connected shareholders China Electronics Kanghai Group Co., Ltd., China Electronics Technology Investment Holdings Co., Ltd., China Electronics Technology Group Corporation Fifty-Second Research Institute, and Hangzhou Puxing Equity Investment Partnership (Limited Partnership), Gong Hongjia, and Xu Peng shall recuse themselves from voting.