Stock Code: 603577   Short Form of Stock: Huijintong     Announcement No.: 2021-001  Qingdao Huijintong Power Equipment Co.,Ltd.

On January 7, 2021, China Southern Power Grid Co., Ltd. announced the announcement on the results of “The Second Batch of Framework Bidding Project for Main Network Line Materials of China Southern Power Grid Co., Ltd. in 2020” on its unified service platform of supply chain (www.bidding.csg.cn). Qingdao Huijintong Power Equipment Co., Ltd. (Hereinafter referred to as "the company") won the bid with an amount of about 408421000 yuan, accounting for about half of the company's total investment 25.24% of the annual audited business income. The details are as follows:

1.       Products: steel angle tower, steel tubular tower, steel pole and substation structures

2.       Weight: around 49,113 tons

3.       Amount: RMB 408,421,000

For more details, please check the relevant announcement on the following webpage:

http://www.bidding.csg.cn/zbhxrgs/1200281267.jhtml

Announcement on Winning the Bid of China Southern Power Grid Project.pdf