EXHIBIT 10.8

Exhibit 10.8

SIEMENS

BSH Home Appliances (China) Co., Ltd.

2026 Annual Home Appliance Product Sales Contract

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

This Contract is entered into by and between the following parties:

Party A: BSH Home Appliances (China) Co., Ltd., a limited liability company duly established and validly existing under the laws of the People's Republic of China, with its registered address at Building 3, No. 18 Qingjiangnan Road, Gulou District, Nanjing City, Jiangsu Province, 210019;

Party B:** **Dongying Boruida Trading Co., Ltd., a limited liability company established and validly existing under the laws of the People's Republic of China, with its registered address at No. 1, South Side of Middle Section, Commercial Street, Guangrao Street, Guangrao County, Dongying City, Shandong Province, 257300.

Party A and Party B are hereinafter individually referred to as a "Party" or collectively as the "Parties."

WHEREAS:

NOW, THEREFORE, the Parties, through friendly negotiation, have reached the following consensus:

I. Definitions

In this Contract, the following terms shall have the meanings set forth below, unless the context otherwise requires:

1.1 "Contract" means this Contract (including the main body and any and all appendices hereto) and any amendments and supplements hereto made in writing by the Parties.

1.2 "Working Day" means any day in the People's Republic of China other than Saturdays, Sundays, and public holidays (subject to the official holiday schedule announced by the state in case of adjusted working days). Unless expressly specified as a Working Day in this Contract, any reference to "day," "month," or "year" in this Contract shall mean a calendar day, month, or year.

1.3 "Affiliate" means any shareholder, actual controller, subsidiary, branch of a Party, or any entity that is jointly controlled/significantly influenced by a Party or has other interest-related connections with a Party.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

1.4 "Confidential Information" includes all oral, written, and/or tangible information, including technical and commercial information disclosed (in each case, the disclosing Party is the "Owner") by one Party to the other Party ("Recipient"). Such information is considered by the Owner to be confidential/proprietary, of commercial value, and not generally known to the public or readily accessible, including information relating to technology such as structures, raw materials, components, formulations, materials, samples, styles, processes, methods or steps thereof, algorithms, data, computer programs and related documentation; information relating to business activities such as concepts, management, sales, finance, plans, samples, bidding documents, customer information (names/addresses/contact details/trading habits/intentions/content, etc.), data; and new processes and result information developed, improved, and processed based on publicly known information, which have commercial value.

1.5 "Effective Date" means the date on which the authorized representatives of both Parties sign this Contract and affix their company seals or contract seals. Unless otherwise agreed by the Parties.

1.6 "Products" means the home appliance products sold directly by Party A to Party B (as specifically set forth in Appendix IV). Unless otherwise specified by Party A.

1.7 "Contract Term" includes the Main Term and the Extension Period, where: (1) "Main Term" means the period from the Effective Date until December 31 of the current year or the term expressly agreed in this Contract; (2) "Extension Period" means, if prior to the expiry of the Main Term, the Parties fail to reach a new contract to replace this Contract regarding the sale of products hereunder, the term of this Contract shall be extended (as further specified in Article III of this Contract).

1.8 "Invoice" means the value-added tax invoice issued by Party A for the payment made by Party B for the Products under this Contract.

II. Purpose and Intent

2.1 This Contract is intended to describe the terms and conditions agreed upon by the Parties, pursuant to which the Parties shall perform their respective obligations hereunder.

2.2 Party B warrants that it will execute all documents, carry out all necessary activities or transactions, or take emergency measures to give full effect to the provisions of this Contract, and Party B further agrees to cooperate to achieve the spirit, objectives, and interests set forth in the provisions hereunder.

III. Contract Term

3.1 The Main Term of this Contract shall commence on the Effective Date and end on the thirty-first (31st) day of December of the current year, unless otherwise expressly agreed by the Parties or this Contract is terminated earlier.

3.2 Unless otherwise agreed in writing by the Parties, the Extension Period shall not exceed five (5) months. If a new contract is not signed for the matters herein during the Extension Period, this Contract shall terminate upon the expiry of the aforementioned Extension Period.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

3.3 If Party B continues to purchase Products for resale during the Extension Period, this Contract shall apply to the product purchase and sale activities of the Parties during the Extension Period. After the new contract becomes effective, the policies applicable to the Products purchased by Party B during the Extension Period shall be governed by the provisions of the new contract. If the Parties fail to sign a new contract during the Extension Period, Party B shall not be entitled to any commercial policies (except for discounts stipulated in Appendix V) for the purchase price paid for the Products during the Extension Period. For special circumstances, such as the signing of a new contract after the expiry of the Extension Period or changes in product categories, the Parties shall agree separately.

IV. Party B's Qualifications

4.1 Party B shall possess the legal qualifications and relevant qualification documents required for legal, continuous operation, and performance of this Contract.

4.2 Party B shall, within three (3) Working Days from the Effective Date, provide Party A with a photocopy of its valid business license with the company seal affixed (whose business scope includes the operation of home appliances) and a photocopy of its bank account opening documents, and warrants that the aforementioned licenses and certificates will remain valid throughout the Contract Term. In case of any changes, Party B shall, within three (3) Working Days, provide Party A with the documents issued by the relevant government authorities approving such changes and provide Party A with a photocopy of the new certificate with Party B's company seal affixed.

V. Products

5.1 During the Contract Term, Party A may add to or reduce the Products listed in Appendix IV, subject to prior written notice, and Party B shall have no objection thereto.

VI. Product Supply Price

6.1 Party A sells the Products to Party B at the supply prices ("Product Supply Price") listed in Appendix IV. Under no circumstances shall Party B demand or compel Party A to limit the Product Supply Price in any way, or require Party A to ensure the profit/profit margin Party B can realize from reselling the Products, or provide any compensation for Party B's operating profit.

6.2 During the Contract Term, Party A may adjust the Product Supply Prices listed in Appendix IV. The specific adjustments and effective date shall be subject to prior written notice, and Party B shall have no objection thereto. Orders for which the full payment has been made and which have been shipped prior to the effective date of the adjustment shall still be subject to the original Product Supply Price.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

6.3 During the Contract Term, if the Product Supply Price is adjusted due to market changes, promotional activities, or any other reason, Party A shall not be obligated to pay any compensation to Party B for such price adjustments (including but not limited to compensating Party B for the difference between the Product Supply Price at the time of sale to Party B and the adjusted Product Supply Price thereafter).

6.4 Party A's suggested retail/resale price is for reference only and is not binding on either Party. Party A does not determine nor influence Party B's retail/resale price and shall neither reward nor penalize Party B for complying with or deviating from any suggested retail/resale price.

VII. Product Ordering

7.1 During the Contract Term, Party B shall regularly send product order requests to Party A based on market demand. Party B's orders for Products from Party A shall be sent to Party A in writing (including but not limited to email, EDI electronic data interchange systems, and Party A's online ordering system) and shall clearly state the product name, model, quantity, etc. in the order ("Order"). Party A has the right to request Party B to truthfully provide relevant information of the end-buyer, including but not limited to the buyer's name, contact number, delivery address, etc. If personal information is involved, Party B shall collect and process such information in accordance with applicable personal information protection laws and regulations, including informing consumers of the purpose of use, obtaining consumer consent, and transmitting the information securely.

7.2 After receiving Party B's Order, Party A shall confirm in writing [including but not limited to emails sent from Party A's company email (suffix @BSHG.COM), EDI electronic data interchange systems, and Party A's online ordering system] whether to accept the Order (subject to Party A's issuance of the "Delivery Order"). Party A is only obligated to ship the Order after Party B's Order has been confirmed and accepted by Party A.

7.3 If Party B fails to pay or fails to pay the full amount for the Products ordered in the Order, or has any other violation of this Contract (including incorrect order type application), Party A has the right to reject Party B's Order; if already confirmed accepted, Party A has the right to refuse to ship or refuse Party B's pick-up.

VIII. Payment

8.1 Party B shall pay the purchase price for the Products ordered under each Order ("Purchase Price") to Party A in accordance with Appendix V of this Contract (including payment term, payment method, and Party A's account information).

8.2 Unless otherwise agreed in writing by the Parties, Party B's payment of the Purchase Price is one of the prerequisites for Party A's acceptance of Party B's Order.

8.3 Party A shall issue a digital e-invoice after the consignee designated by Party B confirms receipt of the Products (e.g., scanning the barcode for receipt using Party A's system, signing the warehouse receipt, etc.). The digital e-invoice issued by Party A is the certificate for Party B's VAT input tax deduction. Party A shall deliver the invoice based on the method separately confirmed by Party B. In case of any change, Party B shall provide a separately sealed letter of confirmation.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

8.4 Party A will provide Party B with an invoice and payment monthly confirmation letter ("Confirmation Letter") for Party B's confirmation. Party B shall confirm or raise any objection within ten (10) Working Days from the date of receipt of such Confirmation Letter. If Party B fails to confirm or raise an objection within the aforementioned period, Party B shall be deemed to have confirmed the Confirmation Letter.

8.5 If the Parties have any dispute regarding the accounts or statements related to product purchases under this Contract, the Parties shall resolve such disputes through negotiation. Until all such disputes are resolved, Party A has the right to suspend the implementation of all commercial policies for Party B for the rebate period to which such disputes relate.

IX. Product Delivery and Acceptance

9.1 Party A shall be responsible for delivering the Products to the location designated by Party B and shall bear the corresponding freight and insurance costs. In this case, the consignee designated by Party B shall be responsible for receiving the Products.

9.2 Notwithstanding the foregoing, Party B may pick up the Products from the location designated by Party A upon presenting the documents required by Party A. The Products shall be deemed to have been confirmed as received by Party B upon Party A loading the Products onto the vehicle arranged by Party B or with Party A's assistance, and Party A shall not bear any costs to Party B in this regard.

9.3 Unless otherwise agreed by the Parties, the title to and risk of the Products shall transfer to Party B upon confirmation of receipt in accordance with Clauses 8.3 and 9.2 of this Contract.

9.4 Prior to the consignee designated by Party B confirming receipt, Party B shall immediately inspect the product packaging on-site and verify the product quantity and model ("Product Inspection"). Unpacking inspection shall be agreed separately by the Parties.

9.5 If, during the Product Inspection, the consignee of Party B discovers that the product packaging is damaged/deformed/wet/soiled or has similar or equivalent issues, or that the product quantity is short, the product model is incorrect, or other non-conformities, Party B shall indicate such issues on the delivery receipt at the time of receipt to notify Party A and reject the Products by returning them to Party A. Only when and to the extent that such issues are entirely caused by reasons prior to delivery of the Products or by Party A's loading and unloading, Party A shall replace such Products and bear the related replacement costs, except where such issues are caused by Party B or its consignee.

9.6 After the Product Inspection is completed, the consignee of Party B shall sign the warehouse receipt on-site. If Party B notifies Party A of any product issues pursuant to Clause 9.5, the delivery and acceptance of the replaced Products shall still be subject to this Article.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

X. Product Sales

10.1 When reselling the Products, Party B shall assume the following obligations and liabilities:

10.2 During the Contract Term, if the Parties conduct product promotion activities, the Parties may enter into a separate promotion cooperation agreement for such promotion activities. If the promotion cooperation adopts a rebate method, the Parties shall execute it in accordance with Appendix III of this Contract.

10.3 Party A has the right to decide whether to set up product display booths at Party B's or its distributors' (outlets) locations. Party A has full ownership, right of use, and right of disposal over the product display booths set up by Party A at Party B's premises. Without Party A's prior written consent, Party B or its distributors (outlets) shall not, by themselves or allow any third party to, use, move, alter, damage, or discard all or any part of Party A's product display booths (including but not limited to the dedicated counters and the light boxes, platforms, etc. therein). If Party B or its distributors (outlets) violate this clause and cause any losses to Party A (including but not limited to booth loss, attorney fees, property damage at the premises, and other personal property or bodily injury losses), Party B shall compensate for such losses (Party A may directly deduct the compensation from the commercial policies that Party B is entitled to under this Contract).

10.4 Party A has the right to conduct a comprehensive evaluation of Party B during the cooperation period and, at its sole discretion, adjust the commercial terms and promotional cooperation policies based on the evaluation results without assuming any liability for breach of contract.

XI. Commercial Terms

Subject to Appendix V (and its related supplementary provisions).

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

XII. Intellectual Property

12.1 The trademarks, service marks, trade names, patents, copyrights, or logos used by Party A ("Intellectual Property") are the private property of SIEMENS AG. Party B does not have any rights, title, or interest in SIEMENS AG's Intellectual Property. Party A is authorized to use the SIEMENS and Bosch trademarks.

12.2 With Party A's prior written authorization, Party B may use such Intellectual Property within the scope of authorization. The scope of authorization is determined by Party A, and Party B shall have no objection thereto and shall strictly comply therewith. Party A has the final control over the standards and specifications for Party B's use of the Intellectual Property. All rights, title, and interest in the authorized Intellectual Property belong to Party A or its Affiliates, and Party B shall not register or acquire rights in Party A's or its Affiliates' Intellectual Property in any region.

12.3 Party B shall not deal in any home appliance products that infringe upon Party A's or its Affiliates' Intellectual Property (including but not limited to patents, trademarks, trade secrets) or counterfeit Party A's Products.

12.4 If Party B discovers any unauthorized use of Party A's or its Affiliates' Intellectual Property or infringement of Party A's or its Affiliates' Intellectual Property, Party B shall immediately notify Party A.

12.5 If Party B fails to comply with the provisions of this Clause, Party A has the right to terminate the Contract immediately without liability.

XIII. Product Returns

13.1 If Party B has any quality objections to the Products, it shall immediately notify Party A and provide a written description of the corresponding Products ("Disputed Products") including the type, model, quantity, product unique serial number, and a list of corresponding issues ("Return Identification Request"). Under this Contract, Party A only accepts returns of Products sold by Party A to Party B and does not accept returns of Products provided to Party B by any third party.

13.2 For Disputed Products that have already been delivered to consumers, Party A shall, within a reasonable period after receiving Party B's Return Identification Request or the consumer's repair notification, arrange for relevant inspection personnel to go to the site to inspect the Disputed Products and issue an "Inspection Service Report." As the seller, Party B shall provide corresponding after-sales services to consumers based on the Inspection Service Report and the relevant national "Three Guarantees" regulations. However, Party A has the right to only accept consumer returns/exchanges that comply with the brand's "Three Guarantees" policy. Disputed Products received by Party B shall be returned to Party B's warehouse within the coverage area of Party A's service network. Party B shall truthfully indicate the reason for return and provide Party A with the Inspection Service Report issued to the consumer for Party A's subsequent inspection reference.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

13.3 For Disputed Products stored in or already returned to Party B's warehouse, Party A shall, within a reasonable period after receiving the Return Identification Request from Party B, arrange for relevant inspection personnel to go to the location where the products are stored to inspect the Disputed Products and verify whether there are indeed quality issues. If confirmed, Party A's inspection personnel shall issue a "Stock Machine Condition Report" ("Stock Machine Report"). For Disputed Products where complete information is not provided as required in Clause 13.1, and for Disputed Products under Clause 13.2 where Party B cannot provide the Inspection Service Report, Party A has the right to refuse inspection and not issue the Stock Machine Report.

13.4 For Disputed Products that are confirmed by Party A's inspection personnel to have quality issues caused by Party A (to which Party B shall have no objection), the Parties shall, based on the Stock Machine Report or the Inspection Service Report, sign the "Return Confirmation Note" after negotiation. Except for machines returned directly to Party A by consumers, the Stock Machine Report must be available.

13.5 Party A and Party B shall use the Return Confirmation Note as the basis for issuing return invoices, and in such case, handle the invoices as follows:

13.6 For Disputed Products that have not yet been delivered to consumers, the entire machine and its accessories shall retain the original factory packaging, remain in their original condition as sold, and be free from human damage when applying for a return. For Disputed Products that have already been delivered to consumers, the entire machine and its accessories shall be packaged in packaging suitable for logistics transportation and be free from human damage when applying for a return; otherwise, Party A has the right to reject the return.

13.7 Except for Disputed Products confirmed by Party A's inspection personnel to have quality issues caused by Party A (to which Party B shall have no objection), Party A does not accept any return requests from Party B for any other reasons (including but not limited to the model not being well-selling).

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

13.8 For quality objections to the Products reported by consumers to Party B, Party B shall inform the consumer that they may contact Party A's after-sales service to inspect the product first, provide necessary assistance, and have Party A provide repair or appraisal services for the consumer.

13.9 Party B's warehouse shall provide appropriate facilities and conveniences for Party A's inspection personnel, such as providing necessary working space and water and electricity for testing, assisting with moving, etc. In the aforementioned circumstances, Party B shall be responsible for on-site management and safe construction operations. If any personal or property damage occurs to Party B, Party B's employees, Party A, Party A's employees, or any other third party, Party B shall bear full compensation liability.

13.10 Regardless of the reason for the termination of this Contract, Party A shall only accept Party B's return requests within one year from the date of termination of this Contract in accordance with the foregoing provisions. If the termination of the Contract results in a change in the amount of settled rebates, fees, etc., Party A has the right to request Party B to return or pay the corresponding amount separately.

XIV. Product After-Sales Service

14.1 Party A shall provide corresponding services in accordance with the brand's unified retail after-sales policy within its service network coverage area.

14.2 To fully ensure that consumers enjoy standardized and unified brand services, under specific circumstances (e.g., remote areas), the Parties may separately negotiate and sign an agreement regarding Party B's provision of installation and/or after-sales services for the cooperative products. In the aforementioned circumstances, Party B's staff shall receive and pass Party A's service training before providing services.

14.3 If services such as installation and repair of non-retail scenarios like sample machines are involved during the cooperation period, the Parties shall negotiate separately.

XV. Representations and Warranties

15.1 Each Party makes the following representations and warranties on the Effective Date:

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

15.2 Party B makes the following representations and warranties on the Effective Date:

15.3 Each representation and warranty is deemed a separate representation, warranty, undertaking, or commitment depending on the context and is not limited by other representations, warranties, or other provisions of this Contract. Each representation and warranty shall remain valid throughout the Contract Term.

XVI. Liability for Breach and Compensation

16.1 If either Party fails to perform any or all of its obligations under this Contract, or if any guarantee or commitment made by it in this Contract is proven to be untrue or incorrect, such Party shall be deemed to be in breach and shall be liable for the damage and losses caused to the other Party. To the maximum extent permitted by law, regardless of any contrary agreement, Party A's total liability under this Contract shall not exceed the total purchase price paid by Party B to Party A in the previous one (1) month (calculated based on the average monthly payment for the previous year), irrespective of whether the liability arises from contract, warranty, equity, law, or is for any loss, damage, or cost resulting from the performance of this Contract. Under no circumstances shall Party A be liable for losses related to (whether direct or indirect) profits, use, production, corruption, data destruction, or for any indirect, special, consequential loss or damage.

16.2 To the maximum extent permitted by law, unless Party A otherwise agrees in writing, Party A shall not assume any liability for any contracts, guarantees, or other agreements (whether written or oral) entered into by Party B with any third party (including but not limited to distributors, customers, consumers).

16.3 Party B shall indemnify and hold harmless Party A and its Affiliates, employees, and agents from any actions, lawsuits, proceedings, claims, demands, costs (including attorney fees), liabilities, penalties, or losses arising from:

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

XVII. Termination

17.1 If any of the following events occur during the Contract Term, either Party may notify the other Party in writing to terminate this Contract immediately:

17.2 In addition to the circumstances stipulated above, if any of the following events occur during the Contract Term, Party B shall immediately notify Party A in writing, and Party A has the right to notify Party B in writing to terminate this Contract immediately without assuming any liability:

17.3 Party A has the right to terminate this Contract and its related appendices and supplementary agreements by giving one month's prior written notice, without assuming any liability. If the relevant appendices or supplementary agreements stipulate a shorter notice period, the shorter period shall prevail.

17.4 If this Contract is terminated, Party A's authorization to Party B's use of the Intellectual Property in accordance with the Contract shall automatically terminate, and Party B shall immediately cease using the relevant Intellectual Property rights. If Party B delays or refuses to perform this obligation, Party A has the right to choose any effective means to protect its Intellectual Property, including legal action, and Party B shall be liable for all losses caused to Party A by its breach of this clause and all costs (including attorney fees) incurred by Party A in protecting its Intellectual Property.

17.5 If this Contract is terminated, Party A may immediately issue written notices to Party B or any third party Party A deems necessary and publish advertisements/announcements in professional newspapers, industry conferences, or other media, declaring that Party B is no longer associated with Party A or the Products.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

17.6 The termination of this Contract shall not exempt either Party from its obligations at the time of or in the future. All amounts payable by Party B but unpaid under this Contract or related to product sales shall be paid within seven (7) days after the termination of this Contract in accordance with the payment method stipulated in Appendix V of this Contract or other methods agreed by Party A.

17.7 If this Contract is terminated in accordance with the law and its terms, unless Party A expressly agrees in writing to accept or continue performance, all Orders placed by Party B with Party A (regardless of whether Party A has accepted them) shall be deemed immediately cancelled or terminated. Neither Party shall be liable to the other for such cancellation or termination of Orders.

17.8 If this Contract is terminated, Party B shall immediately return to Party A all data, specifications, designs, drawings, descriptions, promotional materials, and other related documents received relating to Party A's Products, or thoroughly destroy them as instructed by Party A.

17.9 Unless otherwise agreed, Party A shall not be liable for any disputes or liabilities between Party B and any other third party arising from the termination of this Contract.

17.10 Unless otherwise agreed, the provisions regarding Intellectual Property, Liability for Breach and Compensation, Dispute Resolution, Confidentiality, and Compliance shall survive the expiration or termination of this Contract.

XVIII. Other

18.1 Dispute Resolution

Any dispute arising out of or in connection with this Contract shall be settled through friendly negotiation between the Parties based on the principles of frankness, good faith, and fair dealing. If negotiation fails, either Party may submit the dispute to the court in the location of Party A for resolution.

18.2 Notices

Party A:
Correspondence Address: Building 3, No. 18 Qingjiangnan Road, Gulou District, Nanjing City, Jiangsu Province
Telephone: [*]
Email: [*]

Party B:
Correspondence Address: No. 1, South Side of Middle Section, Commercial Street, Guangrao Street, Guangrao County, Dongying City, Shandong Province
Telephone: [*]
Email: [*]

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

If either Party changes the above address information, it shall notify the other Party in writing prior to the change.

18.3 Severability

The provisions of this Contract are severable. If any provision is found or determined by the Parties or a court of competent jurisdiction to be invalid or unenforceable, such invalidity or unenforceability shall not affect the validity and enforceability of any other provision, unless it undermines the basis of this Contract or fundamentally affects its performance. If the invalid or unenforceable provision is fundamental to the arrangement between the Parties, the Parties may unanimously agree to terminate this Contract or amend it.

18.4 No Partnership or Agency

The relationship established between the Parties under this Contract shall not constitute any agency, partnership, or representation. Unless otherwise agreed in writing by the Parties, neither Party shall be deemed to be the agent, partner, or representative of the other Party and shall not be authorized to act or conduct business in the name of or on behalf of the other Party.
Party B is an independent corporate legal entity from Party A, and the cooperation between the Parties shall not under any circumstances be construed as constituting confusion of legal personality.

18.5 Waiver

Unless otherwise provided in this Contract, the failure of either Party to exercise or delay in exercising any right under this Contract shall not constitute a waiver of such rights, and the exercise of any right individually or partially shall not affect the exercise of any other rights.

18.6 Amendment

Any amendment to the terms of this Contract may only be made in writing and shall become effective only after being signed by the authorized representatives of both Parties and affixed with the company seals or contract seals of both Parties.

18.7 Expenses

Each Party shall bear its own expenses incurred in connection with the negotiation, preparation, and execution of this Contract.

18.8 Confidentiality

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

18.9 Assignment of Rights and Obligations

Party A may exercise or perform its rights and obligations under this Contract by itself or through its Affiliates, or assign its rights and obligations under this Contract to its Affiliates. Without Party A's prior written consent, Party B shall not entrust its Affiliates to exercise or perform its rights and obligations under this Contract, nor assign its rights and obligations under this Contract to its Affiliates.

18.10 Governing Law

This Contract shall be governed by and interpreted in accordance with the laws of the People's Republic of China (mainland area only).

18.11 Force Majeure

18.12 Number of Copies and Effectiveness

This Contract is executed in three (3) originals. It shall become effective as of the date of signing by the authorized representatives of both Parties and affixing the company seals or contract seals. Party A shall hold two (2) copies and Party B shall hold one (1) copy. Each copy is an original and has equal legal effect.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

18.13 Entire Agreement

This Contract supersedes all prior oral or written understandings, discussions, arrangements, or agreements regarding the subject matter hereof. The appendices to this Contract form an integral part hereof and have the same effect as this Contract.

18.14 Full Consultation

Each clause in this Contract has been explained to Party B clause by clause by Party A and jointly discussed with Party B. Party A has reminded Party B to pay special attention to all clauses concerning its rights and obligations. Party B has also requested Party A to provide corresponding explanations for the above clauses. Both Party A and Party B have accurately and unmistakably understood the rights, obligations, and liabilities of both Parties as stipulated in this Contract and confirm and accept all the contents hereof.

18.15 Handwritten Content

In this Contract, except for the content handwritten by Party B in the designated spaces or tables as provided for in the contract clauses, any other modifications, supplements, or deletions made by Party B in handwriting to this Contract shall be invalid, except where confirmed by the seals of both Parties.

[NO TEXT HEREAFTER]

Appendices:

I. "List of Acceptable Issuing Banks"

II. "Compliance Terms"

III. "Promotional Cooperation Rebate Terms"

IV. "Supply Price List"

V. "Commercial Terms"

VI. "BFS Channel Special Provisions"

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

[Signature Page]

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

Appendix I: List of Acceptable Issuing Banks
Customer No.: 6200711055

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

Appendix II: Compliance Terms

Party A: BSH Home Appliances (China) Co., Ltd.

Party B: Dongying Boruida Trading Co., Ltd., Customer No.: 6200711055

Whereas: Party A and Party B have signed the "2026 Annual Home Appliance Product Sales Contract" (the "Contract") intending to cooperate on Party B's purchase of Party A's Products for resale. Party B fully understands, acknowledges, and agrees to implement these Compliance Terms ("Compliance Terms").

I. Compliance

1.1. Party B shall always comply with all applicable Chinese laws and regulations (including but not limited to those related to anti-corruption, anti-monopoly, personal information protection, and anti-money laundering) and any internationally and domestically recognized codes of business conduct. Party B shall always adhere to the principle of good faith and shall not engage in any conduct that will or may adversely affect Party A's financial management, business operations, or corporate reputation.

1.2. Party B has not and shall not, in any form, directly or indirectly provide any illegal benefits (including but not limited to money or other property) to any employees of government agencies, state-owned enterprises and/or organizations established or controlled by them, or other commercial institutions or personnel representing the foregoing personnel, or any commercial institutions or personnel in such organizations related to Party B's performance of this Contract.

1.3. Party B has not and shall not, for the purpose of obtaining or performing this Contract, give cash, goods, or other improper benefits to any employee of Party A or their relatives, or give property or other improper benefits to Party A's employees or their relatives in the name of promotion fees, publicity fees, sponsorship fees, service fees, consulting fees, commissions, reimbursement of various expenses, or in any other manner.

1.4. Party A and Party B are obligated to take effective measures to prevent their employees or agents, in a company or personal capacity, from directly or indirectly bribing, offering kickbacks, or giving cash, gifts, commodities, or marketable securities to the other Party's employees, agents, other interested persons, or their relatives, or adopting other disguised means to provide improper benefits (except for reasonable business meals). Both Parties are also obligated to prohibit their own employees from accepting bribes, unreasonable gifts, or benefits. In the case of the aforementioned prohibited giving of cash, gifts, or other benefits, the recipient has the obligation to refuse such benefits and immediately file a complaint with the other Party.

1.5. Party B agrees that it shall not require Party A, and Party A has the right to refuse, to perform any illegal acts.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

II. Conflict of Interest

2.1. If the shareholders, directors, supervisors, managers, senior management, cooperation leaders, and their team members of Party B are employees of Party A, their family members, relatives, or close friends, Party B shall, immediately after becoming aware of such information, truthfully and comprehensively notify Party A of such situation in writing via email to compliance.cn@bshg.com. If a Party A employee makes a request to Party B involving a conflict of interest and/or embezzlement, Party B shall also immediately disclose this via email to compliance.cn@bshg.com. Party A has the right to assess the impact of such relationship on the cooperation and decide whether to continue the cooperation with Party B.

2.2. Party B shall not allow Party A's employees, their family members, relatives, or close friends to hold shares in Party B on behalf of others (except for shares held through public securities trading markets with less than 5% of issued shares, through direct or indirect holdings in funds without actual control, or through trusts where the beneficiary is not the individual or their related parties). Party B shall also not allow Party A's employees to hold part-time positions, provide services to Party B, or serve as consultants, etc. If Party B fails to comply with the foregoing agreement, Party A has the right to immediately terminate the Contract without assuming any liability for breach.

2.3. Party B acknowledges that hiring former employees of Party A may lead to conflicts of interest or leakage of Party A's sensitive or confidential information, which is detrimental to the work of both Parties. If it involves former employees of Party A who left due to violations of Party A's compliance policies within two years, Party B will not arrange for them to participate in Party A's business, especially not to represent Party B in liaising with Party A. If it involves former employees of Party A who left for non-violation reasons, the corresponding restriction period is six months from the date of departure. Regardless of whether within the aforementioned period, Party B shall promptly inform Party A about hiring former Party A employees so that Party A can verify and assess the situation promptly. Party B is obligated to cooperate with Party A in taking appropriate measures to minimize the impact on the cooperation between the Parties.

2.4. Family members and relatives refer to persons who have or had a family relationship based on marriage and blood ties, as well as persons with cohabitation, support, foster care, or other relationships, mainly including:

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

III. Related Party Relationships

If Party B has any of the following relationships with Party A's existing or potential customers (collectively "Party A's Partners"), Party B shall be deemed a related party of Party B. Party B shall proactively disclose this to Party A and provide further information as requested by Party A. If Party B fails to proactively disclose, Party A has the right to immediately terminate its business relationship with Party B and its related parties without assuming any liability for breach. Related parties of Party B include related legal entities and related natural persons, etc.

A. A legal entity or other organization with any of the following characteristics shall be a related legal entity of Party B:

i. A legal entity or other organization that directly or indirectly controls Party B;

ii. A legal entity or other organization directly or indirectly controlled by the entity listed in (i) above, other than Party B and its holding subsidiaries;

iii. A legal entity or other organization directly or indirectly controlled by a related natural person of Party B as listed in Section B, or where a related natural person serves as a director or senior management, other than Party B and its holding subsidiaries;

iv. A legal entity or other organization holding 5% or more of the shares of a listed company;

v. Other legal entities or other organizations determined by the exchange based on the substance-over-form principle as having a special relationship with Party B that may lead to Party B favoring them, including legal entities or other organizations holding 10% or more of the shares of a holding subsidiary that has a significant impact on Party B.

vi. If Party B and the entity listed in (ii) are under the control of the same state-owned asset management institution, they shall not be deemed related parties solely for that reason, unless the legal representative, general manager, or more than half of the directors of such entity also serve as directors, supervisors, or senior management of the listed company.

B. A natural person with any of the following characteristics shall be a related natural person of Party B:

i. A natural person directly or indirectly holding 5% or more of the shares of Party B;

ii. Directors, supervisors, and senior management of Party B;

iii. Directors, supervisors, and senior management of the related legal entity listed in Section A(i);

iv. Close family members of the persons mentioned in Sections (i) and (ii) of this Article (including: spouse, children over the age of 18 and their spouses, parents and parents of the spouse, siblings and their spouses, spouses' siblings, and parents of the children's spouses);

v. Other natural persons determined by the exchange based on the substance-over-form principle as having a special relationship with Party B that may lead to Party B favoring them, including natural persons holding 10% or more of the shares of a holding subsidiary that has a significant impact on Party B.

C. A legal entity, other organization, or natural person with any of the following characteristics shall be deemed a related party of Party B:

i. According to an agreement or arrangement signed with Party B or its related parties, they will have the circumstances stipulated in Section A or B upon the agreement or arrangement becoming effective or within the next twelve months;

ii. They have had the circumstances stipulated in Section A or B within the past twelve months.

D. Based on the substance-over-form principle, any other circumstances that may affect the equity interests of Party A's company are also subject to the provisions of this Article.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

IV. Personal Information Protection

4.1 Party B shall collect, process, and protect personal information in accordance with the latest applicable personal information protection regulations.

4.2 Party B shall establish management systems and operating procedures related to personal information protection (including but not limited to operational authority management, personnel training, security incident emergency plans, etc.) and adopt secure and effective measures to protect personal information.

4.3 Party B shall promptly respond to relevant rights requests made by data subjects in accordance with the law. If Party A's processing is required, Party B shall immediately inform and assist Party A in handling such requests.

4.4 Party B shall ensure that the personal information provided to Party A has been lawfully informed of the specific content of the personal information processing (including but not limited to the purpose, method, etc.) and has obtained the individual's written consent, or processed based on other legally stipulated circumstances.

4.5 If Party B violates personal information protection laws, regulations, relevant provisions, and this agreement, Party A has the right to terminate the Contract, and Party B shall compensate Party A for all losses incurred thereby.

4.6 To the maximum extent permitted by law:

Party B acknowledges and agrees that Party A may use, store, disclose, and transmit to all third parties that Party A deems necessary (including but not limited to the following (i) to (iii)), and/or obtain from and/or exchange with such third parties, information of Party B's shareholders, directors, or executives and/or other relevant individuals or organizations ("Relevant Information") for the purposes listed in (a) to (e) below:

(i) Party A and Party A's Affiliates;

(ii) Any third party to whom Party A or Party A's Affiliates have a disclosure obligation under any laws or regulations (including anti-money laundering, counter-terrorism, anti-corruption, and international sanctions laws) binding on Party A or Party A's Affiliates; and

(iii) Any agents, contractors, or third-party service providers providing management, compliance auditing, electronic communications, computer, payment, or other services to Party A or Party A's Affiliates in connection with their operations.

Party B acknowledges and agrees that Party A may use, store, disclose, and transmit Relevant Information for the following purposes:

(a) In connection with the products or services provided by Party A to any third party;

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

(b) For verifying such Relevant Information with Party A and Party A's Affiliates where the information is held, for any purpose (whether or not to take legal action against Party B);

(c) For generally promoting, improving, and facilitating the provision of any products or services by Party A and Party A's Affiliates to Party B;

(d) For reviewing and managing the relationship between Party B and Party A's Affiliates; and

(e) For complying with any and all laws, regulations, and regulatory requirements that Party A deems applicable to Party A or Party A's Affiliates.

Party A and Party A's Affiliates may also disclose, transmit (whether within or outside mainland China), obtain from, and/or exchange Relevant Information with other third parties as stipulated in Party A's various information disclosure policies as set forth in statements, guidelines, notices, and other terms and conditions provided by Party A to Party B from time to time, provided such disclosure is not prohibited by laws and regulations.

If any third party's Relevant Information has been or will be disclosed to Party A, Party B shall ensure that such third party consents to the disclosure of such Relevant Information to Party A for the purposes described in this Article and agrees to Party A's disclosure of such Relevant Information to any other party in accordance with this Article.

V. Lawful Sales

5.1 Party B shall comply with applicable laws and regulations, such as the Anti-Unfair Competition Law, Consumer Protection Law, Advertising Law, Price Law, and other relevant provisions, and shall not engage in conduct that damages Party A's brand, makes false advertisements, disrupts market competition order, or harms the legitimate rights and interests of other operators or consumers.

5.2 Party B shall not make any alterations (including modifications or replacements) to Party A's original products, packaging, or labels. If there are special circumstances, Party B shall immediately contact Party A for negotiation. For products with any defects, quality issues, or potential safety concerns, Party B shall handle them in accordance with the law and the agreement of the Parties and shall not harm consumers' rights and Party A's legitimate interests in any way (such as passing off substandard goods as good, old as new, false advertising, concealing the true condition of the product, or exaggerating problems). Party B shall ensure that its downstream distributors (if any) sell Party A's products in accordance with the foregoing requirements.

5.3 Party B shall not, knowingly or unknowingly, directly or indirectly use Party A's deliverables for the research, development, or production of nuclear, chemical, or biological weapons, other war weapons, or missile technology for military purposes, or for diffusion, or engage in other activities that violate applicable domestic or international trade control laws, regulations, administrative orders, and sanction requirements. Furthermore, Party B shall not transfer Party A's deliverables to any third party for any such purposes. If Party B violates this obligation, Party A has the right to demand that Party B bear all losses incurred thereby (including attorney fees, administrative penalties) and immediately terminate this Contract without assuming any liability for breach.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

5.4 If, according to other applicable mainland China or other foreign trade control laws, regulations, administrative orders, and sanction requirements, Party A needs to obtain additional approvals before selling the Products to Party B or delivering them to a third party designated by Party B, Party B hereby expresses its understanding and acceptance. If Party A ultimately fails to obtain the aforementioned approvals or permits, it may unconditionally revoke the corresponding Order, refuse delivery, or terminate this Contract without assuming any liability for breach or tort.

VI. Product Safety

6.1 The Products under this Contract (1) comply with all local mainland Chinese (safety) laws, regulations, and other provisions (including but not limited to specific national technical requirements and guidelines) and (2) possess the product safety regulatory certifications (such as energy labels) required by the competent mainland Chinese authorities. Products that meet the requirements (1) and (2) of this clause are hereinafter referred to as "Legal Products."

6.2 Party B shall not directly or indirectly sell the Products to countries or regions outside mainland China. If it does so, Party B shall be solely responsible for ensuring that the Products sold and the after-sales services provided comply with the laws and regulations of that country or region, particularly (but not limited to) electrical standards. Party B or any third party shall indemnify Party A and its Affiliates for any liability and/or damages (including but not limited to loss of reputation, costs or expenses related to administrative or judicial proceedings, attorney fees for rights protection, etc.) and/or any third-party claims arising from the direct or indirect sale of illegal Products and the potential risks this may pose to end consumers.

6.3 The modification of Products or product accessories (such as plugs) by non-professionals carries high risks of electric shock, explosion, and/or fire, which can be life-threatening and cause severe injury. Party B shall under no circumstances modify the Products/product accessories, nor authorize others to do so, unless required by the laws of the country or region of sale, and at least the following safeguards must be in place: (1) the modification work is performed by qualified experts; (2) the modification work complies with the current state of technology (recognized technical rules and accessories that comply with the technical standards of the country or region of sale (e.g., plugs)); and (3) the modified Products/product accessories comply with local laws, particularly (but not limited to) the electrical standards of the country or region of sale. Party B has the burden of proof to demonstrate that each modified Product/product accessory complies with the above safeguards.

6.4 It is hereby stated that if the modification work is performed by professionals not authorized by Party A, the warranty provided directly by Party A to end consumers (manufacturer's guarantee) may not apply under Party A's warranty conditions.

6.5 If Party A discovers that Party B is directly or indirectly selling the Products to regions or countries outside mainland China, Party A has the right to terminate this Contract immediately without assuming any liability for breach.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

6.6 Party B agrees to work together with Party A to ensure the safety of Party A's Products in the market. Party B has the responsibility to understand market opinions regarding the use of Party A's Products and inform Party A (including but not limited to news or reports about Party A's Products, consumer complaints, warranty, insurance, or compensation claims, quality issues, product testing opinions, market usage feedback, etc.). If Party B becomes aware of any accident or potential safety risk related to Party A's Products, it shall immediately notify Party A in writing, providing detailed information, and shall use its best efforts to assist Party A in handling the incident.

In this Appendix, Party B includes Party B, its agents, Affiliates, employees, or anyone acting on behalf of Party B. Party B shall immediately notify Party A upon becoming aware of any breach of Party B's obligations under this agreement or any violation of this agreement by Party A's employees, agents, Affiliates, consultants, or any related third party. Such notice shall be sent via email to Compliance.cn@bshg.com, providing detailed information. If Party A discovers that Party B's employees, agents, consultants, or any related third party is violating this agreement, it shall immediately notify Party B. Upon the request of Party A or its Affiliates from time to time, Party B shall promptly (without undue delay) provide Party A with information regarding Party B's compliance with this agreement.

Upon Party A's request, Party B is obligated to provide Party A with all information related to the business and cooperation, including but not limited to the list of promoters, attendance management, product sales information, and any other information that may affect Party A's business and rights.

Party B expressly acknowledges that if it has committed any of the above acts without timely and truthfully informing Party A, Party B shall pay Party A a penalty of RMB 50 million or 50% of the previous year's contract transaction amount (whichever is higher).

If Party B fails to comply with any provision of this agreement, it shall be deemed a material breach of the Contract. In such cases, Party A may, at its sole discretion, reduce the sales resource support to Party B and terminate any currently effective contract between the Parties immediately by written notice to Party B, without assuming any liability for breach to Party B, and without affecting any other remedies available to Party A. If the penalty is insufficient to compensate Party A for the losses caused by Party B's acts, Party A and its Affiliates shall have the right to claim compensation for any and all losses resulting from such breach, including but not limited to any loss of profits, consequential losses, and any amounts (including but not limited to penalties, compensation for loss of turnover and profits, and/or punitive damages) that Party A or its Affiliates are required to pay to any third party in connection with such breach. Party A's other rights under relevant laws and regulations shall remain unaffected.

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《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

Appendix III: Promotional Cooperation Rebate Terms

Customer No.: 6200711055

During the validity period of the main contract, to further promote the sale of BSH home appliance products, Party A and Party B may from time to time conduct some phased promotional activities ("Promotional Cooperation") in accordance with the following provisions through budget letters/settlement letters:

Shipment refers to Party B's purchase of Products from Party A;

Retail refers to Party B's sale of the Products to end consumers, where the consumer pays the full purchase price. Any sale where the full purchase price is not paid is considered pre-sale and does not count as retail. Any sale not to an end consumer is not counted as retail;

Product Display refers to Party B displaying sample machines in stores according to Party A's display requirements;

Supply Price refers to the product supply price specified in the main contract's appendix "BSH Home Appliances (China) Co., Ltd. Supply Price List" (including its updates from time to time), without any commercial discounts deducted;

Amount, in the following promotional cooperation methods, refers to the tax-inclusive supply price amount, i.e., quantity of Products multiplied by the Product Supply Price.

Upon Party B achieving certain rebate tiers (see the rebate tier table in the budget letter), Party A shall grant Party B certain rebates as follows:

2.1 Shipment Rebate

Party A shall grant Party B a certain shipment rebate based on the quantity or amount of Products shipped during the promotional cooperation period corresponding to the quantity or amount tier. The aforementioned quantity and amount shall be based on Party A's system data, representing the quantity or amount of Products shipped during the promotional cooperation period, excluding the invoiced quantity or amount of returned Products.

2.2 Retail Rebate

Party A shall grant Party B a certain retail rebate based on the quantity or amount of Products retailed during the promotional cooperation period corresponding to the quantity or amount tier. Party A will verify the aforementioned quantity or amount based on the systems or actual conditions of both Parties, and the final data shall be based on the data published by Party A after verification. This represents the quantity or amount of Products retailed during the promotional cooperation period, excluding returns by retail end consumers, regardless of whether the returned Products were sold during the promotional cooperation period.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

2.3 Display Rebate

Party A shall grant Party B a certain display rebate based on the quantity or amount of Products displayed during the promotional cooperation period corresponding to the quantity or amount tier.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

7.1 All content in the budget letter and settlement letter, except for the brackets, underlined parts, and tables that can be filled in manually, any other handwritten content shall have no legal effect on the Parties. For the table parts, before signing or sealing by both Parties, empty spaces should be struck through with a slash, otherwise they shall have no legal effect.

7.2 The rebates in the budget letter and settlement letter shall be made explicitly, and both Parties agree to accurately record the amounts of the aforementioned promotional cooperation in their accounting books. Both Parties agree to reconcile accounts monthly to ensure clarity and accuracy.

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Signing Page for Appendix III "Promotional Cooperation Rebate Terms"

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

SIEMENS

Unit: RMB/Unit

Party A Seal:/seal/

Note: This price list is effective from January 1, 2026. BSH Home Appliances (China) Co., Ltd. has the right to reasonably adjust the product supply prices and product model sales channels listed in the above table based on business needs.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

SIEMENS

Unit: RMB/Unit

Party A Seal: /seal/

Note: This price list is effective from January 1, 2026. BSH Home Appliances (China) Co., Ltd. has the right to reasonably adjust the product supply prices and product model sales channels listed in the above table based on business needs.

A: Designated models;

B: Other models

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

SIEMENS

2026 BSH Home Appliances (China) Co., Ltd. Supply Price List - Washing Machines

Brand Franchise Store

Unit: RMB/Unit

Party A Seal: /seal/

Note: This price list is effective from January 1, 2026. BSH Home Appliances (China) Co., Ltd. has the right to reasonably adjust the product supply prices and product model sales channels listed in the above table based on business needs.

A: Designated models; B: Other models

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

SIEMENS

Unit: RMB/Unit

Party A Seal: /seal/

Note: This price list is effective from January 1, 2026. BSH Home Appliances (China) Co., Ltd. has the right to reasonably adjust the product supply prices and product model sales channels listed in the above table based on business needs.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

SIEMENS

2026 BSH Home Appliances (China) Co., Ltd. Supply Price List - Kitchen Appliances

Brand Franchise Store

Unit: RMB/Unit

Party A Seal: /seal/

Note: This price list is effective from January 1, 2026. BSH Home Appliances (China) Co., Ltd. has the right to reasonably adjust the proåduct supply prices and product model sales channels listed in the above table based on business needs.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

SIEMENS

2026 BSH Home Appliances (China) Co., Ltd. Supply Price List - Home Appliances

Brand Franchise Store

Unit: RMB/Unit

Party A Seal: /seal/

Note: This price list is effective from January 1, 2026. BSH Home Appliances (China) Co., Ltd. has the right to reasonably adjust the product supply prices and product model sales channels listed in the above table based on business needs.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

SIEMENS

Appendix V Commercial Terms (For Brand Store Channel Non-club Customers)
Customer No.: 6200711055

1. Applicable Products

Siemens brand products of the following categories:

2. Party B's Taxpayer Status

On the Effective Date of the main contract, Party B is the following type 1 taxpayer:

If Party B is a small-scale VAT taxpayer on the Effective Date of the main contract and becomes a general VAT taxpayer during the Contract Term, it shall notify Party A in writing in advance.

3. Payment Arrangement

The main contract adopts a prepayment method, meaning Party B shall pay the purchase price at the time of placing each Order with Party A or no later than three (3) Working Days after the Order is placed.

4. Payment Method

Under the main contract, Party B shall pay the purchase price in the following method 1:

If the issuing bank of the acceptance bill provided by Party B under the main contract refuses to honor the bill for any reason, Party B shall pay the corresponding purchase price to Party A via TT within ten (10) Working Days from Party A notifying Party B of the refusal. For late payment by Party B, Party A has the right to charge interest on the overdue payment at the interest rate of the late payment penalty for bank loans plus 30%. If during the Contract Term, two (2) acceptance bills provided by Party B are refused by the issuing bank, Party A has the right to refuse Party B's payment by acceptance bill and require Party B to pay the purchase price under the main contract via TT.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

5. Account Information

6. Sales Management

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

7. Commercial Policies

(1) Discounts

Party A agrees to grant Party B the following discounts, which shall be calculated based on the tax-inclusive purchase price invoiced amount (based on the tax-inclusive purchase price turnover recorded on invoices issued by Party A during the main contract term). (For the avoidance of doubt, the Parties agree that for certain specific Products, Party B shall not be entitled to the basic discount and/or sample machine discount):

Designated models are shown in the price list.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

(2) At the same time, Party A agrees to provide Party B with the following policy support (only applicable when Party B is a general VAT taxpayer):

(All the following commercial policies are effective from January 1, 2026, to December 31, 2026)

Specific Provisions for Policy Support:

A. Brand Store Penetration Rebate

Party B's net retained stores in Party A's system as of December 31, 2025, are 5 stores (excluding stores within decoration companies). The agreed net increase in stores for 2026 is 1 store (excluding stores within decoration companies). The 2026 store target number is the sum of the agreed net retained stores as of December 31, 2025, and the net increase in 2026, which is 6 stores.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

The Parties agree on the rebate tiers and rates for store and booth display rewards as follows:

Achievement of the store numbers for each of the above tiers must satisfy the following four conditions:

B Embedded Home Appliances Main Promotion

Embedded household appliances refer to electrical products other than those installed and used independently in the kitchen appliances listed in Article 1 of this Annex. The rebate is paid annually on a customer basis. The final rebate that Party B can receive is 3% of the actual invoice amount including tax for Party B's embedded home appliances.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

C Quarterly delivery rebate

1) Both parties agree on the following quarterly delivery rebate steps and locations

2) If the actual quarterly delivery, including tax, and invoice amount of Party B reaches the agreed level, Party A shall settle the corresponding rebate with Party B according to the agreement. If the steps cannot be reached, Party A does not need to pay the corresponding rebate.

3) Both parties will only settle based on the actual delivery volume of Party B in the current quarter, and the steps for each quarter will not be merged or settled annually.

D Year Delivery Rebate

1) Both parties agree on the following steps and locations for annual delivery rebates

2) If the actual annual delivery, including tax, and invoice amount of Party B reaches the only agreed step, Party A shall settle the corresponding rebate with Party B according to the agreement. If this step is not reached, Party A does not need to pay the corresponding rebate.

E Self-Media Operation

The second party shall hire different numbers of self media operators based on the annual delivery rebate amount. The standard number of personnel is as follows: less than 50 million yuan: not less than 1 person; More than 50 million yuan: no less than 2 people.

1) Operational Assessment Standards

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

2) Rebate Tier Setting and Settlement Requirements

F Kitchen Service Management

Party B must employ a certain number of kitchen service management personnel based on the annual shipment rebate tier amount, with the following headcount requirements: Less than 50 million: no less than 1 person; Greater than 50 million: no less than 2 persons.

1) Operational Assessment Standards

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

2) Rebate Tier Setting and Settlement Requirements

G Return Target Incentive Rebate

H Small Domestic Appliances Annual Rebate (For Offline Stores / Product Display/Demonstration at Business Premises), only applies when Party B actually cooperates by placing shipments for Small Domestic Appliances as agreed

If Party B's annual actual tax-inclusive invoiced shipment amount reaches the agreed tier, Party A shall settle the corresponding rebate as agreed. If this target is not met, Party A is not obliged to pay the corresponding rebate.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

Settlement instructions:

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

8. To promote cooperation and mutual development, Party A expects Party B to:

9. Miscellaneous

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《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

Signing Page for Appendix V "Commercial Terms (For Brand Store Channel)"

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

Appendix V - Appendix 1 (Douyin IDs and Nicknames participating in Self-Media Operation Assessment and joining the BSH Matrix)

(Party B Seal) /seal/

If the Douyin IDs in this Appendix are updated, confirmation with signatures and seals from both Parties is required.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

Appendix VI: [BFS Channel Special Provisions]

Party A: BSH Home Appliances (China) Co., Ltd.
Party B: Dongying Boruida Trading Co., Ltd., Customer No.: 6200711055

Whereas:

Party A and Party B have signed the "BSH Home Appliances (China) Co., Ltd. 2026 Annual Home Appliance Product Sales Contract" (the "Main Contract") and related appendices. Party B, as a dealer of Party A in the BFS channel, possesses high-quality product sales channels and stores, and wishes to cooperate with Party A on the purchase and resale of relevant home appliance products.

Now, based on business reality, the Parties agree to the following special provisions:

I. The Parties agree on Party B's purchase of Party A's Siemens brand products and the establishment and operation of Siemens brand product specialty stores ("Stores"). To ensure operational efficiency, Party B shall only operate the aforementioned single brand of home appliance products. Party A shall provide operational resources and operational guidance to Party B. Party B, in establishing/operating Stores, shall comply with the agreements, accept Party A's brand definition and business philosophy, maintain Party A's brand image, promote and sell the cooperative products, and comply with Party A's relevant requirements based on unified brand and channel management.

II. Store Establishment Management

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

III. Store Operation Management

IV. Rights and Obligations

1. Regarding Party A:

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

2. Regarding Party B:

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

V. Education and Training

Party A shall provide Party B with training support on store management, product knowledge, marketing promotion, etc. Any travel expenses incurred by Party B's personnel in connection with such training shall be borne by Party B. If the training uses Party B's premises, Party B shall provide them free of charge. Party B shall ensure that its employees or personnel involved in store operations fully understand the training content and carry out their work in accordance with the training requirements. If losses are caused to any third party (including but not limited to consumers) or Party A due to Party B or its personnel failing to comply with the training requirements, Party B shall be liable for compensation.

VI. Miscellaneous

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

This Appendix shall become effective as of the date of signing by the representatives of both Parties and affixing their company seals or contract seals. It is made in three originals, with Party A holding two copies and Party B holding one copy, all having equal legal effect.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

Appendix: Supplementary Agreement on Sample Machine Purchase (For Non-Club Customers)

Party A: BSH Home Appliances (China) Co., Ltd., a limited liability company duly established and validly existing under the laws of the People's Republic of China, with its registered address at Building 3, No. 18 Qingjiangnan Road, Gulou District, Nanjing City, Jiangsu Province, 210019;

Party B: Dongying Boruida Trading Co., Ltd., Customer No. 6200711055, a limited liability company established and validly existing under the laws of the People's Republic of China, with its registered address at No. 1, South Side of Middle Section, Commercial Street, Guangrao Street, Guangrao County, Dongying City, Shandong Province, 257300.

Whereas:

Now, therefore, through mutual negotiation, the Parties have reached this Supplementary Agreement as follows:

1. Display and Demonstration

(1) Party B shall purchase sample machines from Party A at the agreed tax-inclusive purchase price (enjoying the basic discount stipulated in Appendix V of the Main Contract), place them in its own or its distributors' stores, and keep them on continuous public display until the product is discontinued (subject to Party A's notice).

(2) Party B shall, immediately upon the arrival of the sample machines at the agreed store display area, coordinate with Party A's promoter/sales representative or Party B's promoter to report the display information through Party A's system (including scanning the machine code and taking machine photos). Party B shall also promptly update the sample machine status upon return, storage transfer, or sale.

(3) Party B shall be responsible for arranging for Party A's promoter/sales representative or Party B's promoter to conduct quarterly inventory checks and update the uploaded machine codes and photos. If the sample machines are found not to be in a display state or if the information is incorrect/incomplete, etc., it shall be deemed a failure to meet the agreed display period.

(4) Party B shall strictly comply with Party A's requirements for the specification and management of display and demonstration matters. Any adverse impact on Party A's brand, image, etc., shall entitle Party A to unilaterally adjust or terminate Party B's sample machine benefits and other benefits based on cooperation commercial policies without assuming any liability.

(5) When Party B sells any sample machine obtained from Party A to consumers, it shall clearly inform the consumer of the detailed information about the sample machine, including but not limited to disclosing that it is a sample machine. Any liability arising from Party B's sale of sample machines shall be borne by Party B.

(6) If, within three years from the date of receipt of the sample machine, Party B discovers a quality issue that prevents normal display, Party B has the right to apply to Party A for a return. After Party A's after-sales personnel confirm on-site that the return conditions are met, Party A shall be responsible for the return and storage. In the aforementioned case, Party A has the right to directly deduct all rebate fees for the sample machine under this agreement from other payable amounts under the Main Contract.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

2. Sample Machine Discount

(1) Party A agrees to grant Party B a special discount on the basis of Party A's tax-inclusive product purchase price according to the points specified in the table below.

2026 Applicable Sample Machine Discount Table

(2) The special discount is in the form of "Basic Discount + Rebate," where the basic discount is applied at the time of invoicing for regular orders. The post-display rebate for sample machines is calculated monthly based on actual display. The monthly calculation does not double-count the basic discount rate already applied in the invoice, the maximum commercial policy points in the contract, or promotional cooperation rebate points. The specific standards and calculations are subject to separate budget/settlement letters to be signed by the Parties. The aforementioned "calculation" is based on the relevant information in Party A's system.

(3) If the display period is less than the minimum agreed time of 12 months, Party A has the right to deduct the rebate proportionally based on the unfulfilled portion (e.g., if a freestanding major appliance is only displayed for 6 months, the settlement rebate shall be calculated as "full standard * 1/2"). If the deducted amount exceeds the current month's rebate payable, it shall be deducted in the following month.

(4) Party A shall only use one unit of a single model displayed in a single store under the cooperation between the Parties (as the upper limit) as the basis for the rebate settlement under this agreement.

(5) Unless otherwise agreed, the sample machines under this agreement shall not be subject to any other policies (including other rebates and support) stipulated in the Main Contract, its appendices, or supplementary agreements.

《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

3. Other Matters

(1) This Supplementary Agreement shall become effective as of the date of signing by the authorized representatives of both Parties and affixing their company seals or contract seals, and shall be implemented from January 1, 2026. Party A has the right to terminate this Supplementary Agreement at any time by giving prior written notice. Unless otherwise agreed by the Parties, the term of this Supplementary Agreement is consistent with the 2026 Main Contract (including the Extension Period).

(2) Party A has the right to conduct audits and inspections regarding Party B's performance of this agreement, and Party B shall cooperate. If fraud, falsification, or questionable authenticity is found, and Party B cannot prove its reasonable justifiability, Party A has the right to terminate this agreement directly without liability.

(3) In this Contract, except for the content handwritten by Party B in the designated spaces or tables as provided for in the contract clauses, any other modifications, supplements, or deletions made by Party B in handwriting to this Contract shall be invalid, except where confirmed by the seals of both Parties.

(4) Party A has the right to adjust the display requirements and discount policies under this agreement from time to time, subject to separate notice to Party B, and Party B shall have no objection thereto.

(5) Terms used in this Supplementary Agreement but not separately defined shall have the meanings ascribed to them in the Main Contract.

(6) This Supplementary Agreement is made in three originals, with Party A holding two copies and Party B holding one copy, all having equal legal effect.

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《BSH Home Appliances (China) Co., Ltd 2026 Annual Home Appliance Product Sales Contract》 

2026 Signing Page for "Supplementary Agreement on Sample Machine Purchase (For Non-Club Customers)":