Subsidiary consortium of Zhejiang Communications Technology (002061.SZ) signs contract for winning bid project worth 1.973 billion yuan.

Zhejiang Communications Technology (002061.SZ) announced that its subsidiary companies Zhejiang Jiaogong Jinzhu Traffic Construction Co., Ltd. and Zhejiang Jiaogong Underground Engineering Co., Ltd. in a consortium successfully bid for the construction and expansion project of Zha-Jia-Su Expressway from Nanhutong to the boundary of Zhejiang and Jiangsu, section SG01. Recently, the two subsidiary companies signed relevant contract agreements with the project contracting party Jiaxing Zha-Jia-Su Expressway Co., Ltd., with a contract value of 1.973 billion RMB based on the estimated quantity and unit price or total value listed in the bill of quantities, and a construction period of 1186 calendar days. The above-mentioned winning project aligns with the company's main business strategic layout, which will help consolidate its market competitiveness and market share in the Yangtze River Delta region. The company's funding, technology, personnel, and other resources will ensure the successful execution of this project. The signing of the contract will not affect the company's operational independence, and the company's main business will not become dependent on the performance of the agreement. The signing of the contract for the winning project will have a positive impact on the company's future operational performance.