LEAPMOTOR(HK:09863) Ju Chao Zi Xun·2025-11-18 05:20Core Viewpoint - Leapmotor announced two related party transactions involving adjustments to annual transaction limits with Huayuxin Technology and a new procurement framework agreement with Hangzhou Pearl, both compliant with Hong Kong Stock Exchange regulations [2][3]. Group 1: Transaction Adjustments with Huayuxin Technology - The annual transaction limits for the new product purchase framework agreement with Huayuxin Technology have been revised for 2025 and 2026, with the 2025 procurement limit set at CNY 192 million and sales limit at CNY 280 million, while the 2026 limits are CNY 400 million for procurement and CNY 550 million for sales [2][3]. - Historical transaction data shows that in 2024, Leapmotor's procurement from Huayuxin Technology amounted to CNY 635,000, with sales of CNY 162,000, and in the first nine months of 2025, procurement was CNY 43,000 while sales reached CNY 611,000 [2][3]. Group 2: Factors for Adjustment - The adjustment of transaction limits is based on three main factors: the transaction scale achieved in the first three quarters of 2025, significant customer expansion and order increases in Leapmotor's energy storage projects, and strong business growth expectations for Huayuxin Technology driven by the "dual carbon" strategy and overseas market demand [3]. - Leapmotor aims to leverage its technological expertise in the smart vehicle sector to enhance its product offerings and revenue sources, thereby benefiting the overall interests of the company and its shareholders [3]. Group 3: New Agreement with Hangzhou Pearl - Leapmotor has established a procurement framework agreement with Hangzhou Pearl for charging piles and guns, with a cumulative procurement limit of CNY 140 million for 2025 and CNY 640 million for 2026 [4]. - The procurement of charging equipment is intended to support vehicle sales, operational facilities, and overseas exports, with demand expected to rise alongside the company's growing vehicle sales [4]. - Hangzhou Pearl is recognized for its stable product quality and reliable supply capabilities, which are expected to enhance Leapmotor's procurement system and market competitiveness [4].