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Stock Codes: 000055, 200055 Abbreviations: Fangda Group, Fangda B Announcement No.: 2026-41 China Fangda Group Co., Ltd. Announcement on the Signing of Two-Billion Major Overseas Curtain Wall Project Contract for the Prince Mohammed bin Salman Stadium of Saudi Arabia The Company and all members of the Board of Directors hereby guaranteethat the information disclosed in this announcement is true, accurate andcomplete, and contains no false representations, misleading statements ormaterial omissions. Special Notice:effective as of the date of its signing.unforeseeable factors or force majeure events, such as market, policy, economic,foreign exchange, or war-related conditions, may arise and could result in the contractnot being performed on schedule or in full. Investors are advised to exercise cautionand be aware of investment risks.the current year: The successful performance of the contract is expected to have apositive impact on the Company"s operating results in future years. Specific revenuerecognition will be determined in accordance with the progress of contractperformance, the applicable Accounting Standards for Business Enterprises, and theCompany"s accounting policies. This project is one of the world"s major curtain wallprojects, laying a solid foundation for the Company to continue deepening itspresence in overseas markets and enhancing its global competitiveness, and serving asa positive driver and benchmark for the development of the Company"s internationalbusiness. I. Overview of Contract Signing On October 18, 2026, IKK Fangda JV Company, a joint venture formed byShihui International Holdings Limited (in which China Fangda Group Co., Ltd.,hereinafter referred to as the "Company", holds a 51% interest) and Isam Kabbani &Partners for Building & Construction Materials CO. LTD (a wholly-owned subsidiaryof Saudi Arabia"s IKK Group, in which IKK Group holds a 49% interest), has enteredinto a contract with UPTOWN STADIUM CONSTRUCTION JV, the generalcontractor, for the main venue of Lot 1 and the museum and ancillary buildings of LotStadium Project in Qiddiya, Saudi Arabia (hereinafter referred to as the "PMBSStadium Project"). The total contracted amount is SAR 1,146,877,544 (SARof 863 days. The above contract constitutes an ordinary operating contract of the Company.The Company has completed its internal approval procedures for signing the contract.In accordance with the Shenzhen Stock Exchange Listing Rules, the Company"sArticles of Association and other relevant regulations, the signing of this contract doesnot constitute a related-party transaction, nor does it constitute a material assetrestructuring as defined under the Administrative Measures for Material AssetRestructurings of Listed Companies. Therefore, approval by the Board of Directorsand the shareholders" meeting is not required. II. Introduction to the Counterparty Name: UPTOWN STADIUM CONSTRUCTION JV, a consortium formed by FCCConstrucción, S.A. of Spain and NESMA & PARTNERS CONTRACTING CO UJSC of SaudiArabia. Principal business: Undertaking large-scale sports infrastructure projects in SaudiArabia. Registered address: Riyadh, Saudi Arabia. the counterparty, and the above transaction does not constitute a related-party transaction. during the last three fiscal years. strength and credit rating, and demonstrates sound performance capability. III. Main Terms of the Contract Contract scope: Curtain wall fa?ade works for Lots 1 and 3 of the PMBSStadium Project, including design, supply and installation. Total contract amount: SAR 1,146,877,544 (SAR 997,284,821 excluding tax),equivalent to RMB 2,049,860,100. Project funding source: Own funds. Performance period: 863 days. Liability for breach: The contract provides for liquidated damages for delay andoverall liability of the subcontractor. If payments by the general contractor fall intoarrears beyond an agreed threshold, the subcontractor may, after fulfilling the requirednotice procedures, suspend or terminate the contract and claim settlement payments. Settlement method: Payments under this subcontract shall be made in stages,including advance payments and progress payments. Retention money may bereplaced by a guarantee and released according to milestones. Final settlement shallbe made upon issuance of the performance certificate. Effective date: The date on which both parties sign and affix their seals. IV. Impact on the Companyvenue for the 2034 FIFA World Cup. It is one of the most significant large-scalecurtain wall projects in the world. The total contracted amount of SAR 1,146,877,544(SAR 997,284,821 excluding tax), equivalent to RMB 2,049,860,100, representscontract is expected to have a positive impact on the Company"s operating results infuture years. Specific revenue recognition will be determined in accordance with theprogress of contract performance, the applicable Accounting Standards for BusinessEnterprises, and the Company"s accounting policies.complex working conditions, including cliff-top high wind loads, sandstorms, andextreme temperatures, all of which place exceptionally stringent demands on curtainwall system design, material performance, and on-site construction management. TheCompany"s successful award of this project fully demonstrates its technologicalleadership in the high-end curtain wall sector and its comprehensive projectmanagement capability in large-scale international projects. The successful executionof this project will establish a benchmark portfolio with international influence in theMiddle East, accelerate the build-out of localization capabilities, and lay a solidfoundation for the Company to continue deepening its presence in overseas marketsand enhancing its global competitiveness, serving as a positive driver and benchmarkfor the development of the Company"s international business.independence, and the Company"s principal business will not become dependent onthe counterparty as a result of performing this contract. V. Risk Warning During the performance of the contract, unforeseeable factors or force majeureevents, such as market, policy, economic, foreign exchange, or war-related conditions,may arise and could result in the contract not being performed on schedule or in full.Investors are advised to exercise caution and be aware of investment risks. VI. Other Related Information The Company will strictly comply with the provisions and requirements ofrelevant laws and regulations, duly fulfill its subsequent information disclosureobligations, and disclose the performance of material contracts in its periodic reports. VII. Documents Available for Inspection "Professional Engineering Subcontract for the PMBS Stadium Project (CurtainWall Lots P1 and P3)." Hereby announced. China Fangda Group Co., Ltd. Board of Directors October 19, 2026
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