Core Viewpoint - The company has entered into a significant related party transaction involving an EPC contract for a technical renovation project valued at 23.98 million yuan [2][3]. Group 1: Related Party Transaction Overview - The company's wholly-owned subsidiary, Jingzhou Company, has awarded the EPC project for the second phase of the thermal power unit to Longyuan Environmental Company, with a bid amount of 23.98 million yuan [2]. - The project involves the implementation of fire storage and frequency modulation technology [3]. Group 2: Contract Details - The contract signed on November 6, 2025, includes engineering design, equipment supply, installation, debugging, and defect remedy services [3]. - The total contract price is 23.98 million yuan, which covers all necessary costs, including technical fees, design, equipment, construction, and various taxes [4]. - The payment will be made via bank transfer or bank acceptance bill [4]. Group 3: Contractual Obligations and Responsibilities - The contractor is liable for performance guarantees, and if the technical performance does not meet agreed standards, the company can impose penalties [5]. - Any disputes arising from the contract will be resolved through friendly negotiation or, if unsuccessful, through litigation at the local court [6]. - The contract becomes effective upon signature by authorized representatives and approval by the company's shareholders [6]. Group 4: Ongoing Disclosure - The company will fulfill its obligation for continuous information disclosure regarding the progress of the related party transaction [8].