QINGDA ENVIRONMENT(SH:688501) Xin Lang Cai Jing·2025-10-14 11:29Core Viewpoint - Qingdao Danone Environmental Equipment Co., Ltd. has signed a general contract with PETRO VIETNAM LONG PHU 1 POWER PROJECT MANAGEMENT BOARD for the design, supply, and construction of a complete ash treatment system for a 2×600MW power plant, with a total contract value of approximately $25.48 million (RMB 181 million) [1][2]. Group 1: Contract Details - The contract becomes effective upon signature by both parties and receipt of a performance bond by the owner [2]. - The performance period is from the contract's effective date until all rights and obligations are fulfilled [2]. - Payment will be made via wire transfer in stages according to project progress [2]. - The contract will be executed in China and Vietnam, involving equipment design, supply, and on-site guidance services [2]. - The contract includes provisions for breach of contract, addressing issues such as late delivery and quality problems [2]. - Disputes will be resolved through friendly negotiation, and if unsuccessful, will be submitted to the Singapore International Arbitration Centre [2]. Group 2: Impact on the Company - Successful execution of the contract is expected to positively impact the company's future operating performance, enhancing brand influence, sustainable profitability, and core competitiveness [3]. - The contract will facilitate the company's expansion into overseas markets [3]. - The execution of the contract will not affect the company's business independence, and there will be no dependency on the contract counterparty [3].