According to CoinMeta, China Feihe (06186.HK) announced that the company and Beiliwei 47 Degrees and its subsidiaries signed three framework agreements on November 13, 2026: a renewal of the procurement framework agreement with Beiliwei 47 Degrees (valid until December 31, 2028), which includes the procurement of agricultural products such as rice and edible oil, as well as raw materials for infant formula milk powder such as ARA powder, DHA powder, plant fat powder, GOS, and HMO; a sales framework agreement, where the cooperation involves selling ARA oil, DHA oil, WPC oil, and lactose to Beiliwei 47 Degrees, which are exclusively used for the production of ARA powder, DHA powder, etc., belonging to this group; and a warehousing and logistics service framework agreement, which provides warehousing, storage, and logistics services (including loading and unloading, distribution). The aforementioned transactions constitute continuous related-party transactions, and compliance mechanisms such as annual ceilings, price comparison, cost verification, 80% trigger reporting, and annual reviews by independent non-executive directors have been established.