China's Xidian Electric: Wins bid for 1.641 billion yuan transmission and transformation project.

Announcement from China Xidian: 14 subsidiaries of the company were awarded as one of the successful bidders in the 60th batch of procurement bidding organized by State Grid Corporation of China for the year 2025. The products won in the bidding process include transformers, switchgear, reactors, circuit breakers, isolating switches, capacitors, transformers, surge arresters, and switch cabinets, with a total bid amount of 16.41 billion yuan. The company's operating income for the year 2024 was 221.75 billion yuan. The execution of the related contracts following the signing of the projects will have a positive impact on the company's future business development. The winning of the project bids does not affect the independence of the company's business operations.