Tieke Railway: Winning a high-speed rail fastener project worth over 500 million yuan, which may positively impact performance.

Tieke Railway announced that it has recently received "Notice of Winning Bid" from China Railway Shanghai Group and Hu Hang Railway Passenger Dedicated Line, winning the bid for two projects of constructing high-speed railways from Nantong to Ningbo. The total bid amount is 511 million yuan, excluding taxes, totaling 452 million yuan, accounting for 32.05% of the audited revenue in 2024. As the two companies are controlled by the same ultimate controlling person, this transaction constitutes a related party transaction, but does not involve the transfer of asset ownership, and has no significant impact on the company's finances. As the formal contract has not been signed, the impact on the performance in 2026 cannot be determined at this time. If the contract is successfully fulfilled, it will have a positive impact.