Core 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].

Core Viewpoint - The company *ST Weihai has been awarded a contract for the construction of the Huaihe River to Sea Waterway Phase II project, marking a significant development in its project portfolio [1] Group 1: Project Announcement - The company announced on October 28, 2025, that it has been selected as the winning bidder for the "Huaihe River to Sea Waterway Phase II Project (within Huai'an City)" [1] - The company has signed a construction contract with relevant parties for the project [1] Group 2: Contract Details - The signed contract value amounts to 312,956,420.04 yuan [1]

Core Viewpoint - The company has signed a contract for the construction of the second phase of the Huaihe River to the sea waterway project in Huai'an, with a contract value of 313 million yuan, which is expected to positively impact future operating performance [1] Group 1 - The signed contract is for the construction of the river engineering project, specifically the 14th standard section [1] - The project has a duration of 1187 days [1] - The contract amount represents approximately 12.60% of the company's audited operating revenue for 2024 [1]

Core Points - Company *ST Weihai has been identified as the preferred bidder for the "Huaihe River Estuary Phase II Project (within Huai'an City) River Engineering Construction Lot 14" [1] - The bid amount for the project is 312,956,420.04 yuan, with the final contract amount to be determined upon signing [1] - The public announcement period for this bid is from October 11, 2025, to October 14, 2025 [1]