Zhi Tong Cai Jing·2025-12-29 10:12Core Viewpoint - The collaboration agreement between Shandong Expressway and Shango New Energy is expected to enhance the stability of Shango New Energy's operations and cash flow through the establishment of a solar power project in Shandong Province [1][2] Group 1: Agreement Details - Shandong Expressway will lease a designated area in Linyi City, Shandong Province, to Shango New Energy for the construction and operation of a solar power project [1] - The lease term is set from January 1, 2026, to December 31, 2045, lasting for twenty years [1] - The annual rental fee is RMB 0.04 per watt (including a 6% tax), to be collected after the solar power station begins supplying electricity, based on the actual construction capacity [1] Group 2: Financial Implications - The expected total rental fee over the lease term, considering the anticipated construction capacity of 83 megawatts, is projected to be RMB 66.4 million [1] - The agreement is viewed as a means to secure reliable customers and generate stable operational income and cash flow for Shango New Energy and Shango Holdings [2] Group 3: Strategic Importance - The designated area includes locations such as highway toll stations, service areas, slopes, tunnels, and ramps, which are deemed suitable for the solar power project [2] - The collaboration is expected to promote the steady development of the clean energy business for Shango New Energy [2]