China Nerin Engineering (603257.SH) signed a framework agreement for overseas projects worth 1.123 billion yuan.

China Nerin Engineering (603257.SH) announced that the company has signed a framework agreement contract with Olympic Dam Limited for the design and supply of the expansion project of the Olympic Dam Smelter and Refinery in South Australia. The contract amount is approximately 240 million Australian dollars (equivalent to about 1.1233 billion RMB). The expansion project aims to support the development plan of BHP to increase the copper production capacity in South Australia. It will enhance the scale of copper smelting and refining at the Olympic Dam, achieve efficient processing of various types of ore bodies in the region, and provide design services and equipment supply to BHP. Olympic Dam Limited is a wholly-owned subsidiary of BHP. The signing of the framework agreement contract for the South Australia smelting and refining expansion project with Olympic Dam Limited is expected to have a positive impact on the company's operations and long-term strategic development, helping the company accumulate experience in high-end overseas projects and localized operation, and enhance its international brand influence. If the contract is successfully fulfilled, it is expected to have a positive impact on the company's business performance.