Core Viewpoint - The company’s wholly-owned subsidiary, Shandong Zhongfu Kai New Energy Technology Co., Ltd., is the leading party in the Binhai County Green Energy Integration (Phase I) project, but it is not the general contractor responsible for the project [2]. Group 1 - The project has a construction period of only 300 days [2]. - The project share is still under negotiation [2].

Core Viewpoint - Yabo Co., Ltd. (002323) clarified that the reported bid amount of 853 million yuan for the Binhai County Green Energy Integration Project is a collective bid amount from a consortium, not solely from the company, and does not meet the disclosure standards for significant events [1] Group 1 - The total bid amount for the Binhai County Green Energy Integration (Phase I) project is 853 million yuan, which is approximately eight times the company's revenue for the first half of 2025 [1] - Yabo's wholly-owned subsidiary, Shandong Zhongfu Kai New Energy Technology Co., Ltd., participated in the project alongside three other companies [1] - The company stated that the bid amount does not reach the disclosure threshold for daily trading-related contracts [1]