Hongsheng Huayuan: Pre-awarded 745 million yuan National Grid project, accounting for 7.78% of the revenue in 2025.

Hongsheng Huayuan Announcement: A subsidiary of the company has become the winning candidate for the third round of bidding for the National Grid Corporation of China's 2026 ultra-high voltage project, the third round of bidding for transmission and transformation projects, and the third round of bidding for equipment procurement. The total pre-winning amount for 32 packages is approximately 745 million yuan, accounting for about 7.78% of the company's audited operating income in 2025. Currently, the project is in the public announcement stage of the evaluation results, and the company has not yet received the winning notification.