CHUANGXIN IND (02788) subsidiary Chuangyuan Alloy enters into contracting agreement with Qingdao Hongjie

CHUANGXIN IND (02788) announced that on November 4, 2026, Chuangyuan Alloy, an indirectly wholly-owned subsidiary of the Company, entered into a contracting agreement with Qingdao Hongjie, pursuant to which Qingdao Hongjie agreed to act as the contractor for the construction of the Company's photovoltaic project with a total installed capacity of 42 MW located in Huolin Gol, Inner Mongolia, China. The Group has consistently regarded the green transformation of its business as a long-term strategic goal and is committed to building a world-class green aluminum industry group. Leveraging the abundant and low-cost CECEP Solar Energy resources in Huolin Gol, Inner Mongolia, the Group is developing CECEP Solar Energy power generation facilities with a total designed installed capacity of 210 MW. The development of these facilities is expected to reduce the Group's reliance on fossil fuels in its production processes, thereby reducing carbon dioxide emissions generated from power generation, lowering production costs, enhancing profitability, and further consolidating the competitive advantages of its aluminum business. As at the date of this announcement, the Group has completed the construction of certain photovoltaic power generation facilities. Chuangyuan Alloy has entered into the contracting agreement with Qingdao Hongjie for the construction of the photovoltaic project to further advance the Group's photovoltaic development process and expand its new energy project portfolio. Qingdao Hongjie holds the necessary qualifications and licenses, including the Construction Enterprise Qualification Certificate, the License for Installation (Repair, Testing) of Power Facilities, and the Work Safety License, and possesses relevant experience in acting as a contractor for photovoltaic projects. Prior to entering into the contracting agreement, Chuangyuan Alloy evaluated Qingdao Hongjie and other relevant contractors based on a series of factors, including price, qualifications, project experience, construction timetable, and service quality. After comprehensive consideration of these factors, Chuangyuan Alloy considered Qingdao Hongjie's pricing to be competitive and believed that Qingdao Hongjie is capable of meeting its construction requirements. Accordingly, Chuangyuan Alloy decided to enter into the contracting agreement with Qingdao Hongjie.