江苏永鼎股份有限公司重大合同进展公告

Core Viewpoint - Jiangsu Yongding Co., Ltd. has made significant progress in the contract for the Bangladesh National Grid Upgrade Project, with a revised contract amount of approximately $1.068 billion and a completion timeline extended to 78 months, ending in June 2027 [2][5]. Group 1: Major Contract Overview - The original contract signed on October 10, 2016, was for the expansion, renovation, and upgrade of the Bangladesh national grid system, with a total contract value of approximately $1.141 billion and a performance period of 4.5 years plus a 1-year warranty [4]. - The project includes 99 substations, 998 kilometers of transmission lines, and 7 regional testing and maintenance centers [4]. Group 2: Major Contract Progress - Due to the impact of the pandemic and changes in substations and lines, a supplementary contract was signed, adjusting the completion time to 78 months and the contract price to approximately $1.068 billion [2][5]. - The latest owner name is confirmed as Power Grid Bangladesh PLC [5]. Group 3: Impact on the Company - As of June 30, 2025, the project has recognized revenue of 3.35 billion RMB, with the company having received $497 million, representing 46.54% of the revised contract amount [7]. - The performance of this contract is not expected to have a significant impact on the company's operational and financial status [7].