Core Viewpoint - Huadian Technology Co., Ltd. has announced the termination of the lease for the wind turbine installation platform equipment, which will not significantly impact the company's ongoing projects or financial status [1][3]. Group 1: Contract Details - In December 2021, Huadian Technology signed a lease agreement with Shanghai Boqiang Heavy Industry Group for the "Huadian Boqiang Zhongji Julong 01" wind turbine installation platform, with a total lease cost of 648 million yuan (including tax) for a period of three years [2]. - The lease was later extended to six years in March 2025, but the total cost remained unchanged at 648 million yuan [2]. - As of the announcement date, the original contract and the amendment had been executed for only one month [2]. Group 2: Termination Agreement - The contract will be terminated effective June 1, 2025, with Huadian Technology having paid 9 million yuan for May's rent [3]. - Shanghai Boqiang agreed to waive one month’s rent and will refund the paid rent within 15 working days after the termination agreement takes effect [3]. - The original contract amount of 648 million yuan has been changed to zero, and Huadian Technology will not have any further rental obligations [3]. Group 3: Market Context - The termination of the contract will not affect Huadian Technology's ongoing projects, as there is sufficient availability of similar vessels in the market to meet current project needs [3]. - The company plans to select more suitable vessels for deep-sea construction based on the trends and developments in the domestic offshore wind power sector [3]. Group 4: Vessel Information - The "Huadian Boqiang Zhongji Julong 01" platform, also known as "Boqiang 3060," has been sold to Danish operator Cadeler and will be renamed "Wind Keeper" after upgrades [5]. - The vessel, built by CIMC Raffles, measures 133 meters in length, 53 meters in width, and has a maximum operational water depth of over 70 meters, with a leg length of 120 meters (extendable to 136 meters) [5]. - It is equipped with a 2,200-ton crane, Kongsberg DP2 dynamic positioning system, MAN engines, and Siemens propulsion systems, making it suitable for challenging offshore operations [5].