Hongrun Construction: The company won the bid for the first phase of the east extension of the Ningbo Ring South Road Expressway, with a bid price of 3.88 billion yuan.

Hongrun Construction Announcement: Recently, we have received the bid notification from the Ningbo Public Resource Trading Platform. Our company has won the bid for the construction of the Phase I project of the Ningbo Huan Cheng South Road East Extension Expressway with a bid price of 388 million yuan. The winning of this project will further enhance our company's market competitiveness and market share in the related business. The bid price of this project accounts for 6.54% of our company's operating income in 2024, and will not have a significant impact on our financial condition and operating results in 2025 and beyond.