Zhongxinbo: The security situation in the Strait of Hormuz is tightening, causing temporary obstacles to the delivery of some projects in the Middle East region for the company.

CITIC Bo expressed on the interactive platform that the company has established a production base in Jeddah, Saudi Arabia, with the ability to deliver locally manufactured main structural components of support systems. From the current geopolitical situation, the overall situation in Saudi Arabia remains stable, and the company's local business is operating normally. The Saudi factory can effectively cover the domestic and surrounding regional markets in Saudi Arabia, reducing to some extent the dependence on cross-border logistics. The current tightening of the security situation in the Strait of Hormuz poses a temporary obstacle to the delivery of some projects in the Middle East region for the company. The main issue is that the support system related parts for some projects in the Middle East region may not arrive at the originally designated port on time, leading to the risk of delayed project delivery.