Great news was received on the Company's overseas market development and EPC project; the Company won the bid for the "Singapore SPP EPC Project" with a contract value of RMB 350 million. This project is the precedent for the Company to undertake EPC projects in developed countries and regions of the world.

On September 9, the project LOA signing & project launch ceremony was held solemnly at the headquarters of the Company. Xu Datong, Secretary of Party Committee and Chairman of the Company, and Ken, Project Director of Singapore SPCI attended the project launch ceremony and delivered a speech. The leading group of the Company, the Fifth Design/Engineering Department of the Company, the heads of relevant functional departments, and the project-related personnel of SPCI witnessed the signing jointly.

In his speech, Chairman Xu Datong emphasized that this project is a milestone since it is the first EPC project undertaken by China Haisum in developed countries. The Company will strive to build the project into a first-class one and live up to the expectations of owner by relying on its excellent advantages in resource integration and taking full advantage of its broad experience in international engineering. Ken, the Project Director of owner highly valued the preliminary efforts of our project team, and expressed his gratitude to the Haisum team for its efforts to assist in the final implementation of the project; he believed the SPP Project will be successfully completed thanks to Haisum's professional integration capability and high-quality management.

In recent years, China Haisum has constantly enhanced its presence in overseas EPC market, and stridden with steady steps towards "a domestically first-class and internationally renowned international engineering company". Acceptance of the bid for the "Singapore SPP EPC Project" is another strategic achievement of the Company for exploiting international market, and will considerably enhance China Haisum's brand influence and reputation, and generate new momentum to the internationalization.