Announcement Regarding the Signing of a Major Contract
Time：2026-09-14
Recently, Shouhang High-tech Energy Technology Co., Ltd.’s holding subsidiary, Shouhang Energy Saving Solar Thermal Technology Co., Ltd. (hereinafter referred to as "Shouhang Solar Thermal" or the "Seller"), signed a contract with Aba County Shudao Clean Energy Co., Ltd. (hereinafter referred to as the "Buyer") for the procurement of concentrating and heat-collecting system equipment for the Aba Maikun "Solar Thermal + PV" Integrated Power Generation Demonstration Project in Aba Prefecture. Under the contract, the Seller agrees to provide the specified equipment to the Buyer for the aforementioned demonstration project.
In accordance with the *Articles of Association*, this contract was signed following review and approval by the Company's General Manager's Office meeting. The relevant details are announced as follows:
I. Key Contract Terms
1. Subject Matter of the Contract
Concentrating and heat-collecting system equipment for the Aba Maikun "Solar Thermal + PV" Integrated Power Generation Demonstration Project in Aba Prefecture.
2. Total Contract Amount (Including Tax)
RMB 187,369,000.00 (in words: One hundred eighty-seven million three hundred sixty-nine thousand Yuan only).
3. Settlement Method
Payments are to be settled in stages based on a pro-rata basis.
4. Conditions for Effectiveness
The contract becomes effective once the legal representatives (or heads of the entities) or their authorized representatives of both the Buyer and the Seller sign the contract agreement and affix their respective corporate seals, and upon the submission of a performance bond that meets the requirements of the tender documents.
5. Contract Performance Period
This contract agreement becomes effective upon signature by the legal representatives or authorized representatives of all parties and the affixing of their respective corporate seals. The contract terminates automatically once all parties have fulfilled their obligations and the contract fees have been fully paid.
II. Impact on the Company
The solar thermal project involved in this contract falls within the Company's core business operations. The signing of this contract signifies recognition of the Company's technology and core equipment by the new energy solar thermal power generation market. It serves to further enhance the Company's core competitiveness in this market and will have a positive impact on the Company's medium- to long-term development.
III. Risk Warnings
01. The contract performance period is lengthy; there is a risk that the contract cannot be performed due to force majeure events.
02. Payment collection is structured in stages on a pro-rata basis; given the long performance period, there is a risk of slow payment recovery. Investors are advised to be aware of these risks. 03. Steel and glass are the primary raw materials for the Company's products. Given the extended duration of both the contract performance and the product manufacturing process, operating costs are subject to fluctuations in the prices of steel and glass during the production cycle. Such price fluctuations may have either a favorable or an adverse impact on the Company's gross profit, thereby exposing the Company to the risk of gross margin volatility driven by raw material price changes.
IV. Documents Available for Inspection
Original copies of the contracts signed by the parties.
This announcement is hereby made.
Shouhang High-tech Energy Technology Co., Ltd.
Board of Directors
September 3, 2026
Contact information
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Email：shgk@sh-ihw.com
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Fax：010-52256633
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Add：Building 20,Block 3,188 South 4th Ring W.Rd,Fengtai,Beijing,China
