Wandes: Wholly-owned subsidiary signs a 380 million yuan sewage treatment plant expansion franchise agreement.

Wandes announced that recently, its wholly-owned subsidiary Wuhu Wandes Environmental Protection Technology Co., Ltd. signed a franchise operation agreement for the third phase of the expansion project of the Tianmenshan Sewage Treatment Plant in Wuhu City with the relevant management office and center of Wuhu Economic and Technological Development Zone. The investment amount is approximately 380 million yuan, and the franchise period is 40 years. If the contract is successfully implemented, it is expected to have a positive impact on the company's operating performance. However, since the project has not started operation, the sewage treatment service fees and treatment volume are uncertain, which may have an uncertain impact on the company's performance in 2026 and beyond.