Mininglamp Technology (via wholly-owned subsidiary Miaozhen Information Technology) has signed a supplemental framework agreement with Tencent Cloud Computing (Beijing) to sharply raise the annual caps for procuring technical services from Tencent-affiliated entities.

• Scope of services The deals cover three product lines: 1) Cloud computing resources for data storage and AI operations, 2) WeCom external-contact and conversation-archiving functions, and 3) Traffic acquisition services that underpin Mininglamp’s fast-growing agentic marketing offerings.

• New spending limits – 2026 cap: RMB 38,740 × 10,000 = RMB 387.40 million (up from RMB 67.00 million). – 2027 cap: RMB 127,910 × 10,000 = RMB 1.28 billion (previously RMB 81.00 million). The 2025 cap remains at RMB 55.00 million, already set and unchanged.

• Utilisation trend – 2025 actual spending: RMB 32.86 million (59.7 % of the 2025 cap). – 1 Jan–21 Aug 2026: RMB 59.54 million (88.9 % of the original 2026 cap). Annualised, this would exceed the old 2026 limit, prompting the proposed revision.

• Drivers behind the sharp increase – Rapid expansion of agentic services: 14 signed projects for 2026 and an additional seven high-probability prospects underpin traffic-buying needs. – Traffic acquisition fees are expected to represent c.84 % of 2026 and c.94 % of 2027 total caps. – Anticipated 5.5 % yearly rise in WeCom service unit prices and >10 % hikes in certain cloud-resource tariffs. – Ongoing growth in AI-driven marketing and operational intelligence workloads.

• Governance and shareholder approval – An extraordinary general meeting is scheduled for 15 September 2026 in Beijing. – Tencent, which holds 24.77 % of Mininglamp’s shares, and its associates will abstain from voting. – An Independent Board Committee and Merdeka Corporate Finance have endorsed the transaction as fair and reasonable; minority shareholders’ approval is required.

• Internal safeguards Monthly cap monitoring, price benchmarking against at least three external vendors, annual reviews by independent non-executive directors, and auditor verification are in place to ensure transactions remain on market terms and within approved limits.

The supplemental agreement does not alter other terms of the original 14 October 2025 framework; it solely enlarges the spending ceilings to align procurement capacity with Mininglamp’s scaling AI and marketing service ambitions.