Core Viewpoint - China Communication Technology Co., Ltd. (China Tonghao) has won a total of 21 significant projects from November to December 2025, with a total bid amount of approximately RMB 5.26 billion, which accounts for about 16.20% of the company's audited revenue for 2024 under Chinese accounting standards [1][2]. Summary by Category Railway Market Projects - The company secured 8 important projects in the railway market, with notable bids including: - Guangzhou East Station renovation project: RMB 408 million - Baihe Railway Ulanhot to Arxan expansion project: RMB 360 million - Shanghai-Su-Zhou-Xiang-Chang intercity railway project: RMB 347 million - Chengdu-Dazhou-Wanzhou high-speed railway wireless block center procurement: RMB 121 million [1]. Urban Rail Transit Projects - The company won 13 significant projects in the urban rail transit market, including: - Chengdu to Meishan railway signal system project: RMB 576 million - Shanghai Metro Line 19 signal system procurement: RMB 450 million - Beijing Metro Line 1 signal system procurement: RMB 262 million - Riyadh KAFD monorail system project: RMB 146 million [1]. Financial Impact - The total bid amount of approximately RMB 5.26 billion is expected to have a positive impact on the company if formal contracts are signed and projects are implemented smoothly, although the impact on current performance remains uncertain due to the projects being phased over multiple years [2].

Core Viewpoint - The company, Jiaokong Technology Co., Ltd., has won the bid for the Chengdu to Deyang Urban (Suburban) Railway Signal System Integration Procurement and Construction General Contracting Project, with a bid amount of RMB 659,984,400.00 [2][4] Project Overview - Project Name: Chengdu to Deyang Urban (Suburban) Railway Signal System Integration Procurement and Construction General Contracting Project [4] - Bidder: Sichuan Chengmei Rail Transit Co., Ltd. [5] - Project Owner: Sichuan Chengde Rail Transit Co., Ltd. [6] - Proposed Bid Amount: RMB 659,984,400.00 [4] - Project Description: The project starts from Weijia Dian Station on Chengdu Metro Line 1 and ends at Deyang North Station, with a total length of 70.869 km, including 8 stations in Chengdu and 7 stations in Deyang [4] Contract Details - Contract Signing Conditions: The contract will become effective upon signatures from the legal representatives or authorized agents of both parties and the receipt of performance guarantees by the project owner [2][11] - Contract Duration: From the signing date until the end of the project warranty period, with the project expected to commence operations in December 2027 and a warranty period of 2 years [2][8] Financial Impact - The proposed bid amount of RMB 659,984,400.00 will be recognized as project revenue according to accounting principles upon contract signing [11] - The project is expected to have a positive impact on the company's operations if the contract is signed and executed smoothly [11] Relationship with Other Parties - The company has no related party relationships with the bidder or project owner, ensuring independence in its business operations [11]