SDHS NEW ENERGY (01250) and Shandong Hi-Speed Holdings Group Limited issued a joint announcement that on December 29, 2025, Shandong Hi-Speed Linteng Highway Co., Ltd. entered into a cooperation agreement with SDHS NEW ENERGY (Shandong), an indirect wholly-owned subsidiary of SDHS NEW ENERGY and an indirect non-wholly-owned subsidiary of Shandong Hi-Speed Holdings, for leasing a designated area. Shandong Hi-Speed Linteng will lease the designated area, located in Linyi City, Shandong Province, to SDHS NEW ENERGY (Shandong) for the purpose of constructing a photovoltaic power generation project and operating a PV power station. The lease term is set for twenty years, commencing on January 1, 2026, and concluding on December 31, 2045. The lease service fee payable by SDHS NEW ENERGY (Shandong) is RMB 0.04 per watt per year (tax inclusive, tax rate of 6%), which will be collected by Shandong Hi-Speed Linteng after the PV power station is constructed in the designated area and begins supplying power; the fee will be calculated based on the actual constructed capacity of the completed PV power station. Considering the expected construction capacity of the PV power station of 83 megawatts and its construction schedule, the total lease service fee expected over the term of the cooperation agreement is RMB 66.4 million. Under the terms of the cooperation agreement, Shandong Hi-Speed Linteng will provide the designated area, which includes parts of the spaces operated by Shandong Hi-Speed Linteng, such as highway toll stations, service areas, slopes, tunnels, and ramp circles, for the investment, construction, and operation of the PV power station owned by SDHS NEW ENERGY (Shandong). After considering the potential and stability of the Shandong Hi-Speed Group's operation and management business, the directors of SDHS NEW ENERGY and the directors of Shandong Hi-Speed Holdings believe that entering into the cooperation agreement will enable SDHS NEW ENERGY to secure a reliable customer and generate stable operating income and cash flow for both SDHS NEW ENERGY and Shandong Hi-Speed Holdings, thereby promoting the steady development of the clean energy business.