Announcement on Winning the Bid of State Grid Project

Stock Code: 603577   Short Form of Stock: Huijintong     Announcement No.: 2021-059  Qingdao Huijintong Power Equipment Co.,Ltd

On July 1st, 2021, State Grid Corporation of China (State Grid) announced the announcement on the results of “The 22nd Procurement for UHV Project (The 2nd Nanyang-Jingmen-Changsha Materials Procurement) of State Grid Corporation of China in 2021” on its e-business platform (https://ecp.sgcc.com.cn/ecp2.0/portal/#/). Qingdao Huijintong Power Equipment Co., Ltd. (Hereinafter referred to as "the company") won the bid with an amount of about 103406100 yuan, accounting for about half of the company's total investment 5.34% of the annual audited business income of 2020. The details are as follows:

Project name: The 22nd Procurement for UHV Project (The 2nd Nanyang-Jingmen-Changsha Materials Procurement) of State Grid Corporation of China in 2021:

1.       Client: State Grid Corporation of China

2.       Products: steel tubular tower

3.       Weight: around 9,132.40 tons

4.       Amount: RMB 103,406,100

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

https://ecp.sgcc.com.cn/ecp2.0/portal/#/doc/doci-win/2021070109252351_20180 60501171111

Announcement on Winning the Bid of State Grid Project.pdf