ST Quan: Subsidiary signs a 1.125 billion yuan total EPC contract for a photovoltaic project.

ST Quan announced on the evening of August 25th that its subsidiary Shandong Quan and China Electric Power Construction signed a "Project Cooperation Agreement." Shandong Quan, a subsidiary of the company, also signed an "EPC General Contract" for the Harmony Photovoltaic Power Station in Maodong Township, Baidong Township, and Pingshang Town with China Electric Power Construction and Puding County Lianxin Energy Development Co., Ltd. The total contract value is approximately 1.125 billion yuan, accounting for 505.95% of the company's audited consolidated financial statements for the year 2024. This contract is a significant contract for the company's daily operations. The signed contract is part of the company's daily operations and will not have a significant impact on the company's independence. The performance of this contract may have uncertainties on the company's financial condition, operating results for the current year, and future years. The specific revenue recognition will be based on the contract performance, as well as relevant provisions of enterprise accounting standards and company accounting policies.