Beijing Capital International Airport Company Limited (abbrev. “Beijing Airport”) has executed a Supply of Miscellaneous Property Services Agreement with Beijing Capital Airport Property Management Company Limited (the Property Management Company), a wholly-owned subsidiary of its 58.96 % parent Capital Airports Holdings Co., Ltd.

The framework agreement, signed on 30 September 2026, covers the provision of cleaning, landscaping, waste disposal, trolley and luggage-tray management, car-park operations and other related services across terminals, public areas and airfield zones at Beijing Capital Airport. The term runs from 1 January 2027 to 31 December 2029.

Key financial parameters • Annual caps: RMB 218.00 million for 2027, RMB 235.00 million for 2028 and RMB 254.00 million for 2029. • Historical spending under the expiring 2024-26 framework stood at RMB 220.00 million in 2024, RMB 178.00 million in 2025, and RMB 111.00 million for the eight months to 31 August 2026, against caps of RMB 280.00 million, RMB 309.00 million and RMB 339.00 million, respectively. Management expects full-year 2026 costs to remain within the approved cap.

Pricing mechanics Service fees will be set for each definitive contract on an arm’s-length basis, reflecting labour, management fees, consumables, maintenance, reasonable profit and taxes. The airport selects the provider through competitive tendering and benchmarks the Property Management Company’s quotation against at least two independent third-party bids to ensure market-comparable terms.

Compliance and governance With the Property Management Company classified as a connected person under Hong Kong Listing Rules, the transactions constitute continuing connected transactions. The highest applicable percentage ratio is above 0.1 % but below 5 %, subjecting the arrangement to reporting, annual review and announcement requirements only; independent shareholders’ approval is not required. Directors holding concurrent positions at the parent abstained from voting, and both independent non-executive directors and external auditors will monitor adherence to pricing policies and annual caps.

Strategic rationale The Property Management Company’s long-standing service record at Beijing Capital Airport, combined with competitive pricing and operational familiarity, is expected to support service quality, operational stability and cost control as traffic and facility expansion drive higher property-service needs over the next three years.