Shengde Xintai won the bid for the 234 million yuan small pipe framework procurement project of Dongfang Electric Corporation

Shengde Xintai announced in the evening of May 21 that the company had recently received the "Notification of Award" from China Dongfang Electric Corporation (hereinafter referred to as "Dongfang Electric"), confirming that the company was the successful bidder for Dongfang Electric's "Small Pipe Framework Procurement Project from June 2025 to September 2025". The details of the award are announced as follows:

Regarding the impact of the project award on the company, Shengde Xintai stated: The award amount for this project is 233,548,136.26 yuan (tax included), accounting for 8.77% of the company's audited operating revenue in 2024. If the company can sign a formal project contract and successfully implement the project, it will have a positive impact on the company's future operating performance. This matter is part of the company's daily operations and will not affect the independence of the company's business.