Context : Aims : The recently discovered eclipsing binary system TYC 2675-663-1 is a X-ray source , and shows properties in the optical that are similar to the W UMa systems , but are somewhat unusual compared to what is seen in other contact binary systems . The goal of this work is to characterize its properties and investigate its nature by means of detailed photometric and spectroscopic observations . Methods : We have performed extensive V -band photometric measurements with the INTEGRAL satellite along with ground-based multi-band photometric observations , as well as high-resolution spectroscopic monitoring from which we have measured the radial velocities of the components . These data have been analysed to determine the stellar properties , including the absolute masses and radii . Additional low-resolution spectroscopy was obtained to investigate spectral features . Results : From the measured eclipse timings we determine an orbital period for the binary of P = 0.4223576 \pm 0.0000009 days . The light-curve and spectroscopic analyses reveal the observations to be well represented by a model of an overcontact system composed of main-sequence F5 and G7 stars ( temperature difference of nearly 1000 K ) , with the possible presence of a third star . Low-resolution optical spectroscopy reveals a complex H _ { \alpha } emission , and other features that are not yet understood . The unusually large mass ratio of q = 0.81 \pm 0.05 places it in the rare “ H ” ( high mass ratio ) subclass of the W UMa systems , which are presumably on their way to coalescence . Conclusions :