Carson International (00496) signs a steel structure procurement agreement with the supplier

According to the Zhitong Finance App, Carson International (00496) announced that on December 12, 2025, the buyer Carson International Power Development (a wholly-owned subsidiary of the company) signed the contract with the supplier Anhui Fuhuang Steel. The buyer has agreed to purchase and the supplier has agreed to produce and sell steel structures at a cost of RMB 43.5366 million.

After considering that “Vision 2050 (Vision-2050)” will provide strong policy support for energy investment in Mongolia in the next few years; Mongolia's strong and continuously growing electricity demand, the company believes that the Mongolian power generation industry is extremely attractive and has potential for growth. To this end, the company plans to build and operate a coal-fired power plant (power plant project) with an installed capacity of 660 megawatts in Gahangai, Mongolia. The Group has obtained the necessary approval from the Mongolian government and concluded a power purchase agreement (electricity purchase agreement) with a Mongolian state-owned enterprise in July 2024. The electricity purchase agreement has been approved by the Mongolian Minister of Energy. According to the electricity purchase agreement, the Group has the right to supply and sell electricity from power plant projects to enterprises in the country for a period of 25 years from the date of commercial operation.

Steel structures are an essential structural component part of power plant projects. Through the development and operation of power plant projects, the company aims to diversify revenue sources and enhance long-term financial performance.