Securities Code: 300164 Securities Abbreviation: Tongyuan Petroleum Announcement No.: 2026-038
Tongyuan Petroleum Technology Group Co., Ltd. Announcement on Receiving Project Bid Notification Letter
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or material omissions.
Special Reminder:
- This project has not signed a formal contract. There is a certain degree of uncertainty regarding the signing of the relevant contract, and the specific content will be subject to the finally signed contract.
- During the signing and execution of the contract, the signing and execution of the contract may be affected by policy factors, market factors, owner's financing, and other force majeure factors. At the same time, there are risks unique to overseas operations such as changes in the local political environment, adjustments to laws and regulations, foreign exchange controls, exchange rate fluctuations, labor policies, and cultural differences. The Company will actively study the local legal and policy environment and take effective measures to prevent and respond to the aforementioned risks.
- This project will not have a significant impact on the Company's financial status and operating performance in 2026. Investors are advised to pay attention to investment risks.
- The EPF and natural gas compressor project of Sonatrach, which the Company won the bid for in October 2025, has not yet been formally signed. The Company is actively communicating with the client to accelerate the contract signing process. There is a certain degree of uncertainty regarding the signing of the contract, and investors are advised to pay attention to investment risks.
Recently, Tongyuan Petroleum Technology Group Co., Ltd. (hereinafter referred to as the "Company") successfully won the bid for the oil and gas service project of Sonatrach (Algeria National Oil Company) for the 01/SH/PROD/OPR/2025 Sections 3 and 7. The contract period is 4 years and includes two parts in USD and Algerian Dinar, respectively, amounting to USD 123,500,500.39 and Algerian Dinar 3,500,576,440.77 (totaling approximately USD 150 million or RMB 1.021 billion).
I. Overview of Project Basic Information