Chuangxin Industries Unit Signs Solar Project Construction Contract Worth Up to RMB 79.06 Million

• Chuangxin Industries' subsidiary Chuangyuan Alloy signed a photovoltaic construction contract with Qingdao Hongjie on November 4, 2026.
• Total consideration is estimated at RMB 79.06 million, with final payment capped at that amount.
• The 42 MW projects in Holingol, Inner Mongolia, must be ready for grid-connected power generation by December 31, 2026.
• Payment terms require 30% upfront, rising to 95% of final consideration when the projects are ready for grid connection.
• Qingdao Hongjie is controlled by Chairman Cui Lixin's family member, making the agreement a connected transaction exempt from independent shareholder approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chuangxin Industries Holdings Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261104-12400706), on November 04, 2026, and is solely responsible for the information contained therein.