Poly Union announced that its subsidiary Poly Xinlian Blasting Engineering Group has signed a supplementary agreement on contract renewal and price adjustment for mining and stripping works with Xinjiang Hami Santanghu Energy Development and Construction. The estimated total contract value is approximately 4.2 billion yuan. The renewed service period is three years, from September 19, 2026 to September 18, 2029, or until the actual work volume reaches 300 million cubic meters, whichever comes first. The base unit price for rock and soil stripping, mining, transport and dumping after blasting under the original contract has been slightly reduced. Poly Union said the renewal reflects the client's recognition of the company's integrated mining blasting service capabilities, and the project is expected to have a positive impact on the company's financial position and operating results in future years.
