Zhejiang Heidman announced that the 17th meeting of the fourth board of directors of the company reviewed and passed the bill and agreed to sign the “Taizhou Construction Project Construction Contract”. The matter did not need to be submitted to the shareholders' meeting for consideration and did not constitute a related transaction or major asset restructuring. The signing corresponds to a high-end composite machine tool industrialization project. The contractors are Zhejiang Dingsheng Construction Engineering Co., Ltd., Zhejiang Yachao Construction Co., Ltd., and Zhejiang Dongye Construction Co., Ltd., with a total price package of 372 million yuan. The total contract period is 413 calendar days. It is tentatively scheduled to commence construction on November 13, 2026 and be completed on December 31, 2027. The performance of the contract is affected by factors such as force majeure, and there is a risk that it will not be fulfilled as scheduled or in full.

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