Binhai Energy: Subsidiary signs a 910 million yuan construction contract for lithium battery cathode material project.

Announcement of Binhai Energy: Inner Mongolia Xiangfu New Energy Co., Ltd., a wholly-owned subsidiary, has identified Hebei Province Installation Engineering Co., Ltd. as the general contractor for the "Phase II 50,000 tons/year lithium battery anode material front-end project and 82,000 tons/year lithium battery anode material graphite project." The two parties signed the project general contracting contract on August 27, 2025, with a total estimated contract price of 910 million yuan. The signing of this contract will help promote the construction work of the Phase I project of the integrated production of 200,000 tons of lithium battery anode materials. The contract will take effect after being signed or sealed by the legal representative or authorized agent of both parties and after approval by the Binhai Energy Board of Directors.