Bohai Energy: Subsidiary signs 220 million yuan lithium battery negative electrode material project general contracting contract.

Announcement by Bohai Energy: The total contractor for the first-phase finished product line and supporting facilities project of the 200,000 tons/year lithium battery cathode material integration project of Inner Mongolia Xiangfu New Energy Co., Ltd., a holding subsidiary of the company, is Xuyang Engineering Co., Ltd. The two parties signed a project engineering general contract on March 27, 2026, with an estimated contract value of 220 million yuan. This transaction constitutes a related party transaction, but does not constitute a major asset restructuring.