Stock Codes: 000055 200055 Abbreviations: Fangda Group Fangda BAnnouncement 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 guarantee

that the information disclosed in this announcement is true accurate and

complete and contains no false representations misleading statements or

material omissions.Special Notice:

1. Conditions for effectiveness of the contract: This contract shall become

effective as of the date of its signing.

2. Major risks and uncertainties: During the performance of the contract

unforeseeable factors or force majeure events 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.

3. Impact of contract performance on the Company's operating results for

the current year: The successful performance of the contract is expected to have a

positive impact on the Company's operating results in future years. Specific revenue

recognition will be determined in accordance with the progress of contract

performance the applicable Accounting Standards for Business Enterprises and the

Company's accounting policies. This project is one of the world's major curtain wall

projects laying a solid foundation for the Company to continue deepening its

presence in overseas markets and enhancing its global competitiveness and serving as

a positive driver and benchmark for the development of the Company's international

business.I. Overview of Contract SigningOn October 18 2026 IKK Fangda JV Company a joint venture formed by

Shihui 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 subsidiary

of Saudi Arabia's IKK Group in which IKK Group holds a 49% interest) has entered

into a contract with UPTOWN STADIUM CONSTRUCTION JV the general

contractor for the main venue of Lot 1 and the museum and ancillary buildings of Lot

3 of the curtain wall engineering works for the Prince Mohammed bin Salman

Stadium Project in Qiddiya Saudi Arabia (hereinafter referred to as the "PMBS

Stadium Project"). The total contracted amount is SAR 1146877544 (SAR

997284821 excluding tax) equivalent to RMB2049860100 with a contract period

of 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's

Articles of Association and other relevant regulations the signing of this contract does

not constitute a related-party transaction nor does it constitute a material asset

restructuring as defined under the Administrative Measures for Material Asset

Restructurings of Listed Companies. Therefore approval by the Board of Directors

and the shareholders' meeting is not required.II. Introduction to the Counterparty

1. Basic information on the counterparty:

Name: UPTOWN STADIUM CONSTRUCTION JV a consortium formed by FCC

Construcción S.A. of Spain and NESMA & PARTNERS CONTRACTING CO UJSC of Saudi

Arabia.Principal business: Undertaking large-scale sports infrastructure projects in Saudi

Arabia.Registered address: Riyadh Saudi Arabia.

2. Related-party relationship: The Company has no related-party relationship with

the counterparty and the above transaction does not constitute a related-party

transaction.3. The Company has not engaged in similar transactions with the counterparty

during the last three fiscal years.

4. Performance capability analysis: The counterparty possesses strong financial

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 PMBS

Stadium Project including design supply and installation.Total contract amount: SAR 1146877544 (SAR 997284821 excluding tax)

equivalent to RMB 2049860100.Project funding source: Own funds.Performance period: 863 days.Liability for breach: The contract provides for liquidated damages for delay and

overall liability of the subcontractor. If payments by the general contractor fall into

arrears beyond an agreed threshold the subcontractor may after fulfilling the required

notice 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 be

replaced by a guarantee and released according to milestones. Final settlement shall

be made upon issuance of the performance certificate.Effective date: The date on which both parties sign and affix their seals.IV. Impact on the Company

1. The PMBS Stadium is a flagship project under Saudi Arabia's "Vision 2030" and a

venue for the 2034 FIFA World Cup. It is one of the most significant large-scale

curtain wall projects in the world. The total contracted amount of SAR 1146877544

(SAR 997284821 excluding tax) equivalent to RMB 2049860100 represents

60.70% of the Company's audited operating revenue for 2025. The performance of the

contract is expected to have a positive impact on the Company's operating results in

future years. Specific revenue recognition will be determined in accordance with the

progress of contract performance the applicable Accounting Standards for Business

Enterprises and the Company's accounting policies.

2. The project must comply with Saudi local codes and standards while addressingcomplex working conditions including cliff-top high wind loads sandstorms and

extreme temperatures all of which place exceptionally stringent demands on curtain

wall system design material performance and on-site construction management. The

Company's successful award of this project fully demonstrates its technological

leadership in the high-end curtain wall sector and its comprehensive project

management capability in large-scale international projects. The successful execution

of this project will establish a benchmark portfolio with international influence in the

Middle East accelerate the build-out of localization capabilities and lay a solid

foundation for the Company to continue deepening its presence in overseas markets

and enhancing its global competitiveness serving as a positive driver and benchmark

for the development of the Company's international business.

3. The performance of this contract will not affect the Company's business

independence and the Company's principal business will not become dependent on

the counterparty as a result of performing this contract.V. Risk Warning

During the performance of the contract unforeseeable factors or force majeure

events 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 of

relevant laws and regulations duly fulfill its subsequent information disclosure

obligations and disclose the performance of material contracts in its periodic reports.VII. Documents Available for Inspection

"Professional Engineering Subcontract for the PMBS Stadium Project (Curtain

Wall Lots P1 and P3)."

Hereby announced.China Fangda Group Co. Ltd.Board of Directors

October 19 2026