Securities Code: 002323 Securities Abbreviation: *ST Yabo Announcement No.: 2026-034
Shandong Yabo Technology Co., Ltd. Progress Announcement on Wholly-Owned Subsidiary Signing EPC General Contracting Contract
The Company and all members of the Board of Directors guarantee the content of this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Contract Signing Overview
Shandong Yabo Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Announcement on the Preliminary Notice of Intended Bidding for the Project" (Announcement No.: 2026-030) on June 10, 2026. Its wholly-owned subsidiary, Shandong Zhongfu Kai New Energy Technology Co., Ltd. (hereinafter referred to as "Zhongfu Kai"), participated in the bid for the EPC general contracting project of the Tengzhou Xigang Town 200MW/400MWh Energy Storage Power Station Project (Phase I: 100MW/200MWh). On June 9, 2026, the bidder announced the evaluation results, with Zhongfu Kai being the first preferred bidder for the project, with a proposed bid price of RMB 194 million.
Recently, Zhongfu Kai received the winning bid information for the EPC general contracting project of the Tengzhou Xigang Town 200MW/400MWh Energy Storage Power Station Project (Phase I: 100MW/200MWh) and signed the "Engineering EPC General Contracting Contract" with Zhongneng Gubo (Tengzhou) New Energy Co., Ltd. (hereinafter referred to as "Zhongneng Gubo"). The provisional total price of this contract is RMB 194,000,000 (tax inclusive), accounting for 66.19% of the Company's audited operating revenue in 2025. The final settlement will be based on the actual installed capacity at a unit price of RMB 0.97/Wh (including tax, tax rate 9%). If the project is successfully implemented, it is expected to have a positive impact on the Company's future operating performance.
This contract is a normal operating contract for the Company. According to the "Shenzhen Stock Exchange Stock Listing Rules" and the "Company Articles of Association," it does not require submission to the Company's Board of Directors or Shareholders' Meeting for deliberation.
II. Introduction of the Counterparty