China Frontier Tech makes advance payments totaling RMB 35.23 million, USD 9.72 million under ATOP procurement deals

• China Frontier Technology Group signed framework agreements on July 9 and July 10, 2026 with ATOP for entrusted procurement of chip materials used to produce specific communication products for the group.
• Broadcom Advanced paid RMB 35.23 million to ATOP on July 10.
• The group also paid USD 9.72 million on July 22 to Morrihan International, a supplier designated by ATOP, with the payment treated as an advance to ATOP.
• The advances can be offset against product purchases or refunded, with default remedies including disposal rights over the materials or requiring ATOP to repurchase them at cost plus 20% liquidated damages.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Frontier Technology Group published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260825-12298924), on August 25, 2026, and is solely responsible for the information contained therein.