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Some investors asked China Industrial International on an interactive platform. In 2020, the company announced the EPC project for the Radren biomass power plant in Ukraine, with a contract amount of 65.1 million euros. May I ask if the current contract for this project has been terminated? What is the status of the asset impairment accrual amount and accounts receivable related to the project? At the same time, would you like to inquire about which engineering projects have been undertaken by the company in Russian history, and the current execution, assets, and repayment status of related projects? China Industrial International replied that the EPC project for Ukraine's Radren biomass power plant has not yet entered into force, and there will be no impact on the company's operating results before the contract comes into effect. The company will pay close attention to changes in the international situation, keep up with the pace of the national “Belt and Road” initiative, rely on its own business advantages and international business experience, increase market development efforts, seek relevant business opportunities in line with the company's strategic direction, and promptly fulfill its information disclosure obligations in strict accordance with regulatory requirements.
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Some investors asked China Industrial International on an interactive platform. In 2020, the company announced the EPC project for the Radren biomass power plant in Ukraine, with a contract amount of 65.1 million euros. May I ask if the current contract for this project has been terminated? How are the asset impairment accruals and accounts receivable related to the project? At the same time, would you like to inquire about which engineering projects have been undertaken by the company in Russian history, and the current execution, assets, and repayment status of related projects? China Industrial International replied that the EPC project for Ukraine's Radren biomass power plant has not yet entered into force, and there will be no impact on the company's operating results before the contract comes into effect. The company will pay close attention to changes in the international situation, keep up with the pace of the national “Belt and Road” initiative, rely on its own business advantages and international business experience, increase market development efforts, seek relevant business opportunities in line with the company's strategic direction, and promptly fulfill its information disclosure obligations in strict accordance with regulatory requirements.
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