方大Ｂ(200055):签约沙特穆罕默德·本·萨勒曼王子体育场20亿元重大幕墙项目工程的公告（英文版）
AnnouncementontheSigningof Two-BillionMajorOverseasCurtainWallProjectContractforthe PrinceMohammedbinSalmanStadiumofSaudiArabia TheCompanyandallmembersoftheBoardofDirectorsherebyguarantee that the information disclosed in this announcement is true, accurate andcomplete, and contains no false representations, misleading statements ormaterialomissions. SpecialNotice: 1.Conditionsforeffectivenessofthecontract:Thiscontractshallbecomeeffectiveasofthedateofitssigning. 2.Majorrisksanduncertainties:Duringtheperformanceofthecontract,unforeseeablefactorsorforcemajeureevents,suchasmarket,policy,economic,foreignexchange,orwar-relatedconditions,mayariseandcouldresultinthecontractnotbeingperformedonscheduleorinfull.Investorsareadvisedtoexercisecautionandbeawareofinvestmentrisks. 3.ImpactofcontractperformanceontheCompany'soperatingresultsforthecurrentyear:ThesuccessfulperformanceofthecontractisexpectedtohaveapositiveimpactontheCompany'soperatingresultsinfutureyears.Specificrevenuerecognition will be determined in accordance with the progress of contractperformance,theapplicableAccountingStandardsforBusinessEnterprises,andtheCompany'saccountingpolicies.Thisprojectisoneoftheworld'smajorcurtainwallprojects, laying a solid foundation for the Company to continue deepening itspresenceinoverseasmarketsandenhancingitsglobalcompetitiveness,andservingasapositivedriverandbenchmarkforthedevelopmentoftheCompany'sinternationalbusiness. OnOctober18,2026,IKKFangdaJVCompany,ajointventureformedby ShihuiInternationalHoldingsLimited(inwhichChinaFangdaGroupCo.,Ltd.,hereinafterreferredtoasthe"Company",holdsa51%interest)andIsamKabbani&PartnersforBuilding&ConstructionMaterialsCO.LTD(awholly-ownedsubsidiaryofSaudiArabia'sIKKGroup,inwhichIKKGroupholdsa49%interest),hasenteredinto a contract with UPTOWN STADIUM CONSTRUCTION JV, the generalcontractor,forthemainvenueofLot1andthemuseumandancillarybuildingsofLot3 of the curtain wall engineering works for the Prince Mohammed bin SalmanStadiumProjectinQiddiya,SaudiArabia(hereinafterreferredtoasthe"PMBSStadium Project"). The total contracted amount is SAR 1,146,877,544 (SAR997,284,821excludingtax),equivalenttoRMB2,049,860,100,withacontractperiodof863days. TheabovecontractconstitutesanordinaryoperatingcontractoftheCompany.TheCompanyhascompleteditsinternalapprovalproceduresforsigningthecontract.In accordancewith the Shenzhen Stock ExchangeListing Rules, the Company'sArticlesofAssociationandotherrelevantregulations,thesigningofthiscontractdoesnot constitute a related-party transaction, nor does it constitute a material assetrestructuring as defined under the Administrative Measures for Material AssetRestructuringsofListedCompanies.Therefore,approvalbytheBoardofDirectorsandtheshareholders'meetingisnotrequired. II.IntroductiontotheCounterparty 1. Basicinformationonthecounterparty: Name: UPTOWN STADIUM CONSTRUCTION JV, a consortium formed by FCCConstrucción,S.A.ofSpainandNESMA&PARTNERSCONTRACTINGCOUJSCofSaudiArabia. Principalbusiness:Undertakinglarge-scalesportsinfrastructureprojectsinSaudiArabia. Registeredaddress:Riyadh,SaudiArabia. 2. Related-partyrelationship:TheCompanyhasnorelated-partyrelationshipwiththecounterparty,andtheabovetransactiondoesnotconstitutearelated-partytransaction. 3. The Company has not engaged in similar transactions with the counterpartyduringthelastthreefiscalyears. 4. Performance capability analysis: The counterparty possesses strong financialstrengthandcreditrating,anddemonstratessoundperformancecapability.III.MainTermsoftheContract Contract scope: Curtain wall fa?adeworks for Lots 1 and 3 of the PMBSStadiumProject,includingdesign,supplyandinstallation. Totalcontractamount:SAR1,146,877,544(SAR997,284,821excludingtax),equivalenttoRMB2,049,860,100. Projectfundingsource:Ownfunds. Performanceperiod:863days. Liabilityforbreach:Thecontractprovidesforliquidateddamagesfordelayandoverallliabilityofthesubcontractor.Ifpaymentsbythegeneralcontractorfallintoarrearsbeyondanagreedthreshold,thesubcontractormay,afterfulfillingtherequirednoticeprocedures,suspendorterminatethecontractandclaimsettlementpayments.Settlementmethod:Paymentsunderthissubcontractshallbemadeinstages,including advance payments and progress payments. Retention money may bereplacedbyaguaranteeandreleasedaccordingtomilestones.Finalsettlementshallbemadeuponissuanceoftheperformancecertificate. Effectivedate:Thedateonwhichbothpartiessignandaffixtheirseals.IV.ImpactontheCompany 1.ThePMBSStadiumisaflagshipprojectunderSaudiArabia's"Vision2030"andavenueforthe2034FIFAWorldCup.Itisoneofthemostsignificantlarge-scalecurtainwallprojectsintheworld.ThetotalcontractedamountofSAR1,146,877,544(SAR 997,284,821 excluding tax), equivalent to RMB 2,049,860,100, represents60.70%oftheCompany'sauditedoperatingrevenuefor2025.TheperformanceofthecontractisexpectedtohaveapositiveimpactontheCompany'soperatingresultsinfutureyears.Specificrevenuerecognitionwillbedeterminedinaccordancewiththeprogressofcontractperformance,theapplicableAccountingStandardsforBusinessEnterprises,andtheCompany'saccountingpolicies. 2.TheprojectmustcomplywithSaudilocalcodesandstandardswhileaddressingcomplexworkingconditions,includingcliff-tophighwindloads,sandstorms,andextremetemperatures,allofwhichplaceexceptionallystringentdemandsoncurtainwallsystemdesign,materialperformance,andon-siteconstructionmanagement.TheCompany's successful award of this project fully demonstrates its technologicalleadership in the high-end curtain wall sector and its comprehensive projectmanagementcapabilityinlarge-scaleinternationalprojects.ThesuccessfulexecutionofthisprojectwillestablishabenchmarkportfoliowithinternationalinfluenceintheMiddleEast,acceleratethebuild-outoflocalizationcapabilities,andlayasolidfoundationfortheCompanytocontinuedeepeningitspresenceinoverseasmarketsandenhancingitsglobalcompetitiveness,servingasapositivedriverandbenchmarkforthedevelopmentoftheCompany'sinternationalbusiness. 3. The performance of this contract will not affect the Company's businessindependence,andtheCompany'sprincipalbusinesswillnotbecomedependentonthecounterpartyasaresultofperformingthiscontract. V.RiskWarning Duringtheperformanceofthecontract,unforeseeablefactorsorforcemajeureevents,suchasmarket,policy,economic,foreignexchange,orwar-relatedconditions,mayariseandcouldresultinthecontractnotbeingperformedonscheduleorinfull.Investorsareadvisedtoexercisecautionandbeawareofinvestmentrisks.VI.OtherRelatedInformation TheCompany will strictly comply with the provisions and requirements ofrelevant laws and regulations, duly fulfill its subsequent information disclosureobligations,anddisclosetheperformanceofmaterialcontractsinitsperiodicreports.VII.DocumentsAvailableforInspection "ProfessionalEngineeringSubcontractforthePMBSStadiumProject(CurtainWallLotsP1andP3)." Herebyannounced. ChinaFangdaGroupCo.,Ltd. BoardofDirectors 中财网
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