Zhongchen Co., Ltd.: Wins Bid for 246 Million Yuan State Grid Corporation of China Project

On June 17, Zhongchen Electric Co., Ltd. announced that it had received the Letter of Acceptance for the first joint procurement project of 10kV power cable agreement inventory for the 2025 east China region from the State Grid Corporation of China. The total bid amount for the company in this project was 2,464.423331 million yuan, accounting for approximately 7.98% of the company's audited operating revenue in 2024. If the project is implemented smoothly, it will have a positive impact on the company's future operating performance, but will not affect the independence of the company's operations.