In a recent announcement, China Tech Corporation revealed that its subsidiary, China Tech Marine Cable Co., Ltd. (referred to as "China Tech Marine Cable") and China Tech Group Marine Engineering Co., Ltd. (referred to as "China Tech Marine Engineering"), have successfully secured orders for various maritime projects through competitive bidding and negotiations.

Project Details:

1. Jiangsu Dafeng 800MW Offshore Wind Power Project:

   • Procurement includes 220kV and 35kV submarine photovoltaic composite cables and accessories.

2. Shandong Guohua HG14 1000MW Offshore Photovoltaic Project:

   • Procurement involves 66kV submarine and land cables, along with related accessories.

3. Shandong Energy Bozhong Offshore Wind Power Project G Site General Contracting Project (Section Two):

   • Procurement covers wind turbine foundations, fabrication, lifting construction, and other related tasks.

The combined value of these orders amounts to approximately CNY 20.42 billion, with the following individual project values: CNY 17.13 billion for the Jiangsu Dafeng project, and CNY 3.29 billion for the Shandong Energy Bozhong project.

Significance of Projects: The Shandong Guohua HG14 1000MW project represents the world's first gigawatt-level offshore photovoltaic project entering the implementation phase. China Tech Corporation's success in winning these contracts reinforces its position as a leader in the maritime cable and engineering sectors. With a focus on innovation and leveraging its technical expertise, the company actively explores the application of marine cables in offshore photovoltaic projects, contributing to the development of China's offshore photovoltaic infrastructure.

Market Recognition and Future Impact: China Tech Corporation's repeated success in winning bids for offshore cable and marine engineering projects in Jiangsu and Shandong signifies the market's recognition of the company's comprehensive capabilities, particularly in the "seawind parity" sector. The newly acquired orders are expected to have a positive impact on the company's operational performance in 2023 and 2024, contributing to approximately 5.07% of the audited revenue for the fiscal year 2022.

Conclusion: With a total commitment of CNY 20.42 billion in new orders for maritime projects, China Tech Corporation is poised to strengthen its market leadership in marine cables and engineering. These achievements align with the company's goal of becoming a global leader in energy and information interconnection system solutions, solidifying its position in the dynamic landscape of the offshore wind industry.