According to the Zhitong Finance App, Shangao New Energy (01250.HK) announced that on December 22, 2025, Wuxiang Beiqing Smart Energy (an indirect non-wholly-owned subsidiary of the company, as the contractor) signed an EPC contract with China Railway Seventeenth Bureau Project 2 (as the contractor). According to the EPC contract, Wuxiang Beiqing Smart Energy agreed to appoint a contractor to provide EPC services for the project (100 MW photovoltaic power generation project located in Wuxiang County, Changzhi City, Shanxi Province). The total contract price is RMB 405.5 billion (tax included) (subject to adjustment when the national tax policy changes).

According to the Zhitong Finance App, Shangao New Energy (01250.HK) announced that on December 22, 2025, Wuxiang Beiqing Smart Energy (an indirect non-wholly-owned subsidiary of the company, as the contractor) signed an EPC contract with China Railway Seventeenth Bureau Project 2 (as the contractor). According to the EPC contract, Wuxiang Beiqing Smart Energy agreed to appoint a contractor to provide EPC services for the project (100 MW photovoltaic power generation project located in Wuxiang County, Changzhi City, Shanxi Province). The total contract price is RMB 405.5 billion (tax included) (subject to adjustment when the national tax policy changes).