Fengfan Co., Ltd.: Wins Bid for Approximately 2.28 Billion Yuan National Grid Project

Fengfan Group announced that the company has been awarded the contracts for the 9th, 39th, and 55th packages in the 15th batch of procurement by State Grid Corporation of China for the year 2025. The total amount of the contracts is approximately 2.28 billion RMB, accounting for about 7.08% of the company's audited operating income for 2024. The signing and fulfillment of the above-mentioned contracts will have a positive impact on the company's business performance, without compromising its operational independence.