Fangyuan Group: won the bid for the Southern Power Grid project, with a value of approximately 184 million yuan.

Fengan Corporation announced that it has won multiple bids, including the Guangdong standard package for 500kV substation steel structure, in the second batch of framework bidding projects for main network line materials of Southern Power Grid Company in 2025. The total bid amount is approximately 184 million yuan, accounting for about 5.70% of the company's audited revenue in 2024. The successful bid for this project will have a positive impact on the company's performance, without affecting its business independence. However, the company has not yet signed a formal contract, and the project implementation period will be determined by the formal contract. Investors should make decisions carefully.