Zhejiang Zhongguang, affiliated with Hengxin Technology (01085), successfully won the bid for the photothermal project in Haixi Mongol and Tibetan Autonomous Prefecture in Qinghai Province

According to the Zhitong Finance App, Hengxin Technology (01085) announced that Zhejiang Zhongguang New Energy Technology Co., Ltd. (Zhejiang Zhongguang), an indirect non-wholly-owned subsidiary of the company, recently received the “Shortlisting Notice” issued by the Qinghai Provincial Development and Reform Commission, confirming that Zhejiang Zhongguang successfully won the bid for the first batch of independent photothermal projects in 2026. The photothermal project is located in Haixi Mongol and Tibetan Autonomous Prefecture in Qinghai Province. The construction period requires construction to begin before the end of December 2026 and be connected to the grid by the end of December 2028.

The board of directors believes that successfully winning the bid for this photothermal project is a recognition of the Group's technical strength in the field of photothermal power generation, which will further enhance the Group's market competitiveness and sustainable development capabilities in the field of photothermal power generation, and is beneficial to the Group's long-term profitability and strategic layout.