Lin Yang Energy has recently received bid-winning notices from State Grid and State Grid Materials, confirming its selection as the winning bidder for State Grid's 2026 marketing project second equipment public bidding procurement and intelligent converged terminal public bidding procurement. The company won a total of 7 bid packages, with an aggregate bid-winning amount of approximately RMB 199 million, accounting for 4.08% of the company's audited total operating revenue for 2025. The contract performance is expected to positively impact the company's operating results for 2026 and 2027. However, the formal contract has not yet been signed, and uncertainty remains.