XINXING PIPES: Has not yet participated in the downstream hydropower project of the Yarlung Tsangpo River

On August 1st, XINXING PIPES stated on the interactive platform that the company has not yet participated in the construction of the downstream hydropower project of the Yarlung Tsangpo River. The company will attach great importance to this opportunity for the downstream hydropower project of the Yarlung Tsangpo River, fully leverage its business advantages, and make every effort to participate in the project's bidding work. It should be noted that the bidding process for the project involves multiple stages and is influenced by various factors such as project progress, bidding rules, and market competition. Therefore, there is still uncertainty regarding whether the company will successfully participate in the construction of this project. The company will fulfill its information disclosure obligations in a timely manner in strict accordance with relevant information disclosure regulations based on the subsequent progress of the project