• Geotech Engineering, unit of Geotech Holdings, signed supplementary agreements on May 11 with Hong Kong government departments to omit all outstanding work and defect corrections under two slope works contracts.
• Government may take over completed work, arrange completion of remaining work via other contractors.
• Agreements bar Geotech Engineering from seeking additional payment or filing claims tied to omitted work.
• Government can recover extra completion costs from Geotech Engineering, withholding HK$700,000 under each contract.
• Geotech shares remain suspended from trading since April 1.

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. Geotech Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260512-12155875), on May 12, 2026, and is solely responsible for the information contained therein.