According to Tecke Rail's announcement, the company won the bid for three high-speed rail fastener projects in October 2025 and recently signed separate contracts with Xiong'an High Speed Rail Co., Ltd., with a total tax amount of 654 million yuan, or 579 million yuan without tax, accounting for 41.08% of the audited revenue in 2024. The contract takes effect from the moment both parties sign and seal, and is performed until the obligation is completed. Successful implementation of the contract is expected to have a positive impact on future results. However, contract execution has uncertainties such as industry policies, market conditions, etc., and the risk of default.

According to Tecke Rail's announcement, the company won the bid for three high-speed rail fastener projects in October 2025 and recently signed separate contracts with Xiong'an High Speed Rail Co., Ltd., with a total tax amount of 654 million yuan, or 579 million yuan without tax, accounting for 41.08% of the audited revenue in 2024. The contract takes effect from the moment both parties sign and seal, and is performed until the obligation is completed. Successful implementation of the contract is expected to have a positive impact on future results. However, contract execution has uncertainties such as industry policies, market conditions, etc., and the risk of default.