Shandong Gold Phoenix (603586.SH): The CRH380D-type EMU brake pads have passed small batch trial use.

Shandong Gold Phoenix (603586.SH) announced that it has recently received a notice from the China Railway Chengdu Bureau Group Limited Company's vehicle department regarding the small-scale trial use of CRH380D high-speed train brake pads. The company's CRH380D high-speed train brake pads have passed the small-scale trial use. The successful small-scale trial use of CRH380D high-speed train brake pads indicates that the product is qualified to participate in market competition, but it does not directly relate to market orders or performance contributions. The market sales and performance contributions of the product will depend on specific orders or contract execution. The successful small-scale trial use of the company's new product will have a positive impact on the company's market expansion and future operational performance, but it will not have a significant impact on the company's current year's operational performance.