Jiangsu Linyang Energy Co., Ltd. Announcement on the Winning of Major Business Contract

MaticHoleFiller · 2026-04-02T03:00:12+00:00

Jiangsu Linyang Energy recently won the bidding for a State Grid marketing project, with a winning bid of approximately 55.5676 million yuan. The project is expected to positively impact operational performance in 2026, but the contract has not yet been officially signed, and there are uncertainties and risks involved. Investors should exercise caution in their decision-making.

MaticHoleFiller

2026-04-02 03:00:12

Abstract generation in progress

Securities Code: 601222 Securities Abbreviation: Linyang Energy Announcement No.: Lin 2026-22

Announcement of Jiangsu Linyang Energy Co., Ltd. on Winning a Major Business Contract

The board of directors of this company and all its directors hereby guarantee that the contents of this announcement contain no false records, misleading statements or material omissions, and assume legal responsibility for the authenticity, accuracy and completeness of the contents.

I. The Main Contents of the Project Winning

On March 31, 2026, Jiangsu Linyang Energy Co., Ltd. (hereinafter referred to as “the Company”) received the bid-winning notice issued by State Grid Corporation of China and State Grid Materials Co., Ltd. to the Company. In the project titled “State Grid Corporation of China 2026 Marketing Project Metering Equipment Special Open Tender Procurement” (Tender No.: 0711-26OTL01122003), the Company is the winning bidder for the A-class single-phase smart electric energy meters, B-class three-phase smart electric energy meters, and C-class three-phase smart electric energy meters for this project. The Company won a total of 3 bid packages, with the total bid amount of approximately RMB 55.56 million.

On March 27, 2026, the Company published the “Jiangsu Linyang Energy Co., Ltd. Announcement on the Notification of Intended Winning of a Major Business Contract” (Announcement No.: Lin 2026-18) on the websites of the Shanghai Securities News, the Securities Times and the Shanghai Stock Exchange (www.sse.com.cn). The intended winning for this time covers a total of 3 packages, with a total quantity of 276,000 units. Among them: the intended winning quantity for the first bid package is 231,000 units; for the second bid package is 35,000 units; and for the third bid package is 100,000 units. Based on the intended winning quantities and the bid price estimate, the expected winning amount is approximately RMB 55.56 million.

II. Introduction to the Transaction Counterparty

Tenderer: State Grid Corporation of China

Registered capital: 130,452,014.429054 ten thousand yuan RMB

Legal representative of the company: Zhang Zhigang

Registered address: No. 86 Xichang’an Street, Xicheng District, Beijing

Scope of business of the company: Transmission (valid until January 25, 2026); Supply of electricity (in the approved power supply area); dispatching labor personnel needed for overseas engineering projects that are compatible with its own capability, scale and performance; industrial investment and business management; scientific research and technology development related to power supply, information and communications for power production dispatching, consulting services; import and export business; contracting for overseas engineering and domestic international tender engineering; export of equipment and materials required for the above overseas engineering; and organizing various productive enterprises abroad (outside the territory).

There is no relationship of affiliation between the Company and the transaction counterparty.

III. Impact of the Project Winning on the Company

The total winning amount of this project is approximately RMB 55.56 million, accounting for 0.82% of the Company’s total operating revenue audited for fiscal year 2024. The performance of the winning contract is expected to have a positive impact on the Company’s operations and operating performance in 2026, but it does not affect the Company’s business and operational independence.

IV. Risk Warning

At present, the Company has received the bid-winning notice, but it has not yet entered into a formal contract with the transaction counterparty. The contract terms remain uncertain. The delivery time for the above winning project needs to be determined based on the actual contractual requirements of the grid provinces and cities companies in each location. The impact on the Company’s performance is uncertain; the specific contents shall be subject to the final contract to be signed.
During the performance of the contract, if factors such as unforeseeable events or force majeure occur, there is a risk that the contract may not be fully performed or may be terminated.

Investors are kindly requested to make prudent decisions and pay attention to risk prevention related to investments.

This announcement is hereby issued.

Jiangsu Linyang Energy Co., Ltd.

Board of Directors

April 1, 2026

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