Shantao Holdings (00412): Zhaoping Shangao signed an EPC contract for a wind farm project in Guangxi to actively integrate into the new development pattern in the clean energy sector

Zhitong Finance App News, Shantao Holdings (00412) and Shangao New Energy (01250) jointly announced that on December 16, 2025, Zhaoping Shangao (a direct non-wholly-owned subsidiary of Shangao New Energy and an indirect non-wholly-owned subsidiary of Shangao Holdings, as the issuer) signed an EPC contract with the joint contractor (i.e. CCCC First Navigation Engineering Bureau, China Aviation Administration Southwest Engineering and China Power Construction Henan). Based on this, Zhaoping Shangao agreed to appoint a joint contractor to provide EPC services related to the project. The total contract price was RMB 6.75 100 million Yuan (provisional, tax included) (may be adjusted when the national tax policy changes).

The project is a 100 MW wind farm project located in Zhaoping County, Hezhou City, Guangxi Zhuang Autonomous Region; according to the terms of the EPC contract, the joint contractor will complete the construction of the project, including engineering survey and design of the wind farm, switching stations, collection lines and transmission lines, and procurement, transportation and storage of all equipment and materials.

Shangao New Energy Group has always been actively and deeply integrated into the national strategic planning layout and the diversified development ecosystem built by Shandong Expressway Group. Shantao Holding Group continues to be optimistic about the positive development of China's economy, actively integrates into the new development pattern in the clean energy sector, and actively promotes projects in this field strongly supported by the Chinese government in accordance with the “14th Five-Year Plan” to achieve peak carbon dioxide emissions by 2030 and carbon neutrality by 2060. By continuously expanding the clean energy market across the country, the investment, construction and operation of this project will further enhance the strategic layout, business area and footprint of Shangao New Energy Group and Shangao Holding Group in the Guangxi Zhuang Autonomous Region market. This move will not only help Shangao New Energy Group and Shangao Holding Group achieve continuous development of their diversified business portfolios in the field of new energy, but will also broaden the revenue base of Shangao New Energy Group and Shankao Holding Group in the future, strengthen the long-term competitiveness and enhance the profitability of Shangao Renewable Energy Group and Shangao Holding Group.