Guangwei Composite Materials: Subsidiary signs 658 million yuan supplementary material procurement contract.

On June 15, Guangwei Composite Materials announced that on December 26, 2024, its wholly-owned subsidiary, Weihai Expand Fiber Co., Ltd., signed a material procurement contract with customer A for a total amount of 3,663,361.67 million RMB. Recently, Weihai Expand signed a supplementary material procurement contract with customer A for a total amount of 658 million RMB, with the subject product being C-type carbon fiber, and the execution period from January 1, 2025 to December 31, 2027. The total amount of the contract signed this time is 658 million RMB, accounting for 26.86% of the company's audited operating income in the most recent fiscal year. The performance of the contract will have a positive impact on the company's operating income and profits.