Jilin Jinyu Electric Co., Ltd.
Announcement on Project Bidding Winning
The Company and all members of its Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Jilin Jinyu Electric Co., Ltd. (hereinafter referred to as the "Company" or "Jinyu Electric") and its wholly-owned subsidiary Nanjing Nengrui Power Technology Co., Ltd. (hereinafter referred to as "Nengrui Power") have recently won bids for projects from State Grid Corporation of China (hereinafter referred to as "State Grid") and its subsidiaries, Zhejiang Communications Investment Group Co., Ltd. (hereinafter referred to as "Zhejiang Communications"), Jilin Jiyun New Materials Co., Ltd. (hereinafter referred to as "Jilin Jiyun"), and Jilin Carbon Fiber Co., Ltd. (hereinafter referred to as "Jilin Carbon Fiber"). The total amount of the winning bids is approximately RMB 157.0539 million. The Company voluntarily discloses the relevant bidding information as follows:
I. Project Overview