Subsidiary of *ST Yabo Advances as Leading Bidder for Major Energy Storage Project Valued at 194 Million Yuan

Stock News
06/09

An announcement was issued by the company regarding its fully-owned subsidiary, Shandong Zhongfukai New Energy Technology Co., Ltd., which participated in the tender for the EPC general contracting project of the 200MW/400MWh energy storage power station in Xigang Town, Tengzhou City (Phase I: 100MW/200MWh).

On June 9, 2026, the tenderer announced the bid evaluation results, with Zhongfukai being designated as the primary candidate for the aforementioned project.

This potential project win aligns with the company's core business strategic development. The provisional winning bid price is approximately 194 million yuan, which represents 66.19% of the company's audited operating revenue for the 2025 fiscal year.

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