000037SZSE

Progress Announcement on Major Contract Signed by Wholly-Owned Subsidiary Shenzhen Shennan Electric Gas Turbine Engineering Technology Co., Ltd.

✨ AI Summary

Shenzhen Nanshan Thermal Power Co., Ltd. announces that its wholly-owned subsidiary has signed a major contract with Botum Sakor Energy Company Limited for a total estimated amount of $208,113,545. The contract includes an offshore supply and O&M technical consulting agreement and two additional agreements. The project is expected to enhance the subsidiary's operational capacity and competitiveness in the gas turbine maintenance sector.

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Full Translation

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Special Reminder

  1. The contract takes effect from the date of signing, and the rights and obligations of both parties will be effective from that date.
  2. The smooth execution of the contract is expected to have a positive impact on Shenzhen Nanshan Thermal Power Co., Ltd. (hereinafter referred to as "the Company") in the future. The Company will recognize revenue according to the progress during the contract period, subject to the audited financial reports.
  3. The contract has a long execution cycle, and its performance may face risks due to changes in the political and economic environment, unforeseen events, or force majeure, which may lead to the contract being partially unfulfilled or terminated early. The Company will strictly comply with relevant laws and regulations and fulfill its information disclosure obligations in a timely manner, urging investors to pay attention to investment risks.

I. Overview of Contract Signing

On January 4, 2026, the Company's wholly-owned subsidiary, Shenzhen Shennan Electric Gas Turbine Engineering Technology Co., Ltd. (hereinafter referred to as "Shennan Electric Engineering"), received a Letter of Award from Botum Sakor Energy Company Limited (hereinafter referred to as "BSE" or "the Project Company"), a subsidiary of the Royal Group of Cambodia. The Company and all members of the board guarantee that the content of the information disclosure is true, accurate, complete, and free from false records, misleading statements, or major omissions.

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