Torch Technology: Won the bid for a 1.97 billion yuan State Grid project.

Juhua Technology Announcement: The company has received the bid notification from State Grid Corporation and State Grid Material Corporation, notifying the company as the successful bidder for the "State Grid Corporation 31st Batch of 2025 Procurement", winning a total of 11 packages with a total quantity of 748,300 units and a total amount of 197 million yuan. The related contract will be signed within 30 days according to the bid notification, and the performance period will be based on the specific contract signed. The fulfillment of the bid contract will have a positive impact on the company's 2025 business operations and performance.