Eastern International Wins $13.02M In Wind Farm Construction Contracts, Enters Wind Power Sector

Eastern International Ltd. ("Eastern International" or the "Company") (NASDAQ:ELOG), a provider of domestic and cross-border professional logistic services and construction services including project logistic, general logistic and new energy infrastructure construction, today announced that its wholly-owned subsidiary, Guizhou Tianrun Zhicheng Construction Engineering Co., Ltd. ("Guizhou Tianrun"), has successfully won the bids for two key construction packages for the Hongze 62.5 MW Wind Farm Project (the "Project"), with  the total awarded price of RMB 91.52 million (approximately USD 13.02 million). The successful bids for these projects mark the Company's official entry into wind power construction sector. As the Company's first wind power construction project, it represents a significant milestone in the development journey of the Company.

The two awarded projects are as follows: (1) Roadworks, lifting platform construction, and land reclamation for the 62.5 MW Wind Farm Project with an award price of RMB 79.52 million (approximately USD 11.31 million) and (2) Substation Civil Construction Works for the EPC Turnkey Project for the 62.5 MW Wind Farm Project with an award price of RMB 12 million (approximately USD 1.71 million). The total award price of the two bid awards is RMB 91.52 million (approximately USD 13.02 million).