Sichuan Energy subsidiary secures construction deal worth 4.4 million yuan

Sichuan Energy Investment Development Co. Ltd. announced that its wholly-owned subsidiary, Sichuan Energy Investment Development Construction, has secured a construction agreement worth 4,436,243.02 yuan (tax inclusive). The agreement, signed on September 16, 2025, involves providing construction services to Dege Gesaer Electric Power for an electricity construction project in Dege Province Industrial Park.

The scope of work includes cable line construction, distribution transformers, household meters, utility pole foundations, electricity cable, and box transformer and voltage regulator foundations. The construction period is 180 days, with a 24-month defect liability period.

Dege Gesaer Electric Power is a connected person of the company, being a non-wholly-owned subsidiary of Hydropower Group, which is a controlling shareholder of Sichuan Energy Investment Development. This transaction, resulting from a public bidding process, constitutes a connected transaction under Chapter 14A of the Listing Rules. The directors view the agreement as being in the ordinary course of business, on normal commercial terms, and beneficial to the group and its shareholders.

The transaction is subject to reporting and announcement requirements. The contract price was determined based on the successful tender price, considering business and technical factors.