Haixing Electric Power: The company won the bid for a State Grid project with a total amount of approximately 3.12 billion yuan.

Haixing Power announced that its wholly-owned subsidiaries, Nanjing Haixing Power Grid Technology Co., Ltd. and Ningbo Henglida Technology Co., Ltd., have won the bid in the first joint procurement of China State Grid Corporation in 2026. The total bid amount is approximately 3.12 billion yuan, accounting for 6.55% of the company's operating income in 2025. The project includes electricity meter boxes, distribution boxes, ring network cabinets, power cables, etc. Winning the bid will have a positive impact on the company's future operating performance.