Qingdao TGOOD Electric (300001.SZ) subsidiary Teld New Energy Technology Co., Ltd. receives approximately 528 million yuan worth of charging station orders.

Qingdao TGOOD Electric (300001.SZ) announced that its controlling subsidiary TELD New Energy Co., Ltd. ("TELD") has signed a "Charging Station Sales and Service Contract" with Beijing Yi'anqi New Energy Technology Co., Ltd. ("Yi'anqi") with a total contract amount of approximately 5.28 billion yuan (excluding tax). The announcement shows that Yi'anqi is a joint venture company established by Huachen BMW Automobile Co., Ltd. and Mercedes-Benz (China) Investment Co., Ltd. The subject of this transaction is the charging stations constructed and operated by TELD according to BMW's requirements, including but not limited to charging piles, charging guns, cables, LCD screens, charging power cabinets, charging modules, photovoltaic and lithium battery energy storage systems, low-voltage distribution cabinets, high-voltage box-type transformers, car gears and ground locks, anti-collision bars, monitoring, fire protection, and other supporting facilities, as well as the corresponding suppliers' providing of maintenance and services for the charging stations and the lease rights of the sites where the charging stations are located.