RECLAIM CONSTRUCTION(SZ:002586) Shang Hai Zheng Quan Bao·2025-11-20 19:20Core Viewpoint - Zhejiang Province Weihai Construction Group Co., Ltd. has signed a significant contract for the "Huaihe River to Sea Waterway Phase II Project (within Huai'an City)" with a total contract value of approximately 312.96 million yuan, which is expected to positively impact the company's future operating performance [1][2]. Group 1: Contract Details - The project is a total construction contract with a duration of 1187 days [1][2]. - The contract price is 312,956,420.04 yuan, which accounts for approximately 12.60% of the company's audited operating revenue for 2024 [2][3]. - The project includes various construction tasks such as river embankments, culverts, pump stations, and environmental protection measures [1]. Group 2: Payment and Settlement Terms - Payment terms include 97% of the total contract price to be paid upon completion and acceptance of the construction works, with the remaining 3% held as a quality guarantee [2]. - For plant protection works, 65% will be paid upon completion and acceptance, with the final payment made after two years of maintenance and acceptance [2]. Group 3: Impact on Company Operations - The execution of this contract will not affect the company's business independence, as the company will not become dependent on this client for its main operations [3].