According to Chenfeng Technology's announcement, the company's holding company, Liaoning North Network, and Sichuan Yihe previously signed an EPC general contract for an energy storage project with a total price of 712 million yuan with Guotian North Network, which owns 35% of the shares. Since the financier required Liaoning North Network to assume underwriting responsibilities beyond those agreed in the original contract, the overall risk exposure is estimated to reach 827.5 million yuan, and there is a mismatch between rights and benefits. The parties signed a cancellation agreement on September 21, 2026, agreeing on matters such as cancellation of the original contract, refund of funds, and on-site handover. Guotian North Network plans to coordinate subsequent general contracting units to hand over part of the subcontract work to Liaoning North Network. The cancellation of this contract is not expected to have a significant impact on the company's financial situation.

According to Chenfeng Technology's announcement, the company's holding company, Liaoning North Network, and Sichuan Yihe previously signed an EPC general contract for an energy storage project with a total price of 712 million yuan with Guotian North Network, which owns 35% of the shares. Since the financier required Liaoning North Network to assume underwriting responsibilities beyond those agreed in the original contract, the overall risk exposure is estimated to reach 827.5 million yuan, and there is a mismatch between rights and benefits. The parties signed a cancellation agreement on September 21, 2026, agreeing on matters such as cancellation of the original contract, refund of funds, and on-site handover. Guotian North Network plans to coordinate subsequent general contracting units to hand over part of the subcontract work to Liaoning North Network. The cancellation of this contract is not expected to have a significant impact on the company's financial situation.