1. Procurement Conditions The purchaser of this procurement project for cold-rolled steel strip for cored wire (AGZYFZHGXHD260325276365) was Ansteel Group Zhongyuan Industrial Development Co., Ltd. The funds for the procurement project came from self-raised sources. The project had met the procurement conditions, and an open inquiry and comparison was now conducted. 2. Project Overview and Procurement Scope 2.1 Project Name: Cold-Rolled Steel Strip for Cored Wire 2.2 Alternative Procurement Method in Case of Procurement Failure: Negotiated Procurement 2.3 For the content, scope, and scale of this project procurement, please refer to the attachment "Material List Attachment.pdf" for details. 3. Bidder Qualification Requirements 3.1 Consortium bidding was not permitted in this procurement. 3.2 This procurement required bidders to meet the following qualification requirements: See the attachment for details (if necessary) 3.3 This procurement required bidders to meet the following registered capital requirement: Registered capital: RMB 200,000 and above 3.4 This procurement required bidders to meet the following performance requirements: At least one steel strip sales contract within the past three years and the corresponding VAT invoice had to be provided. 3.5 This procurement required bidders to meet the following capability requirements, financial requirements, and other requirements: Financial requirements: See the attachment for details (if necessary) Capability requirements: See the attachment for details (if necessary) Other requirements: See the attachment for details (if necessary) 3.6 For projects that must be tendered in accordance with the law, bids submitted by dishonest persons subject to enforcement were invalid. 4. Acquisition of Procurement Documents 4.1 Any interested bidder should log in to the Ansteel Smart Tendering and Bidding Platform at http://bid.ansteel.cn to download the electronic procurement documents from 17:00 on March 26, 2026 to 13:00 on April 3, 2026 (Beijing time, the same hereinafter). Click to View Tender Details:

1. Procurement Conditions This procurement project, the February 2026 Externally Purchased Metallurgical Coke for Chaoyang Steel (AGCYGTHHD260210268461), was procured by the Equipment Support Department of Ansteel Group Chaoyang Steel Co., Ltd. The procurement project funds came from self-raised sources, and the project has met the procurement conditions. A public single-round negotiation is now being conducted. 2. Project Overview and Procurement Scope 2.1 Project Name: February 2026 Externally Purchased Metallurgical Coke for Chaoyang Steel Procurement Failure Transition to Other Procurement Method: Transition to Direct Procurement 2.3 The procurement content, scope, and scale of this project are detailed in the attachment "Material List Attachment.pdf". 3. Bidder Qualification Requirements 3.1 Consortium bidding is not allowed for this procurement. 3.2 This procurement requires bidders to possess the following qualification requirements: See the attachment (if required) 3.3 This procurement requires bidders to meet the following registered capital requirements: Circulation-type registered capital: 20,000,000.0 yuan and above 3.4 This procurement requires bidders to possess the following performance requirements: See the attachment. 3.5 This procurement requires bidders to possess the following capability requirements, financial requirements, and other requirements: Financial requirements: See the attachment. Capability requirements: Not required, Other requirements: See the attachment. 3.6 For this procurement, which is a project that must be tendered according to law, bids from discredited persons subject to enforcement shall be invalid. 4. Procurement Document Acquisition 4.1 All interested bidders, please log in to the Ansteel Smart Tender and Bidding Platform at http://bid.ansteel.cn between 14:00 on February 10, 2026 and 08:00 on February 12, 2026 (Beijing Time, the same hereinafter) to download the electronic procurement documents. Click to view tender details:

Procurement Announcement for Air Conditioners in the EPC General Contracting Project of the 220 kV Power Transmission and Transformation Project at Bensteel Group's Energy General Plant 1. Procurement Conditions The purchaser for this procurement project, the EPC General Contracting Project of the 220 kV Power Transmission and Transformation Project at Bensteel Group's Energy General Plant - Air Conditioners (AGGCJSHGXHD250827232836), is the Procurement Office of Ansteel Group Engineering Technology Co., Ltd. The funds for the procurement project are self-raised, and the project has met the procurement conditions. A public inquiry and comparison are now being conducted. 2. Project Overview and Procurement Scope 2.1 Project Name: EPC General Contracting Project of the 220 kV Power Transmission and Transformation Project at Bensteel Group's Energy General Plant - Air Conditioners 2.2 Alternative Procurement Methods in Case of Procurement Failure: Transition to Negotiated Procurement or Direct Procurement 2.3 The procurement content, scope, and scale of this project are detailed in the attachment "Material List Attachment.pdf." 3. Bidder Qualification Requirements 3.1 Joint bidding is not allowed for this procurement. 3.2 This procurement requires bidders to meet the following qualification requirements: (1) Business License 3.3 This procurement requires bidders to meet the following registered capital requirements: Registered Capital: 500 (10,000 yuan) or more 3.4 This procurement requires bidders to meet the following performance requirements: The bidder must have at least one air conditioner supply performance (contract and corresponding VAT invoice) since 2022. 3.5 This procurement requires bidders to meet the following capability requirements, financial requirements, and other requirements: Financial Requirements: The bidder's registered capital shall not be less than 5 million yuan. Capability Requirements: (1) Scanned copy or photo of the original Business License (or duplicate). (2) Scanned copy or photo of the original Tax Registration Certificate (or duplicate), except for those with a unified social credit code. (3) Scanned copy or photo of the original Organization Code Certificate (or duplicate), except for those with a unified social credit code. (4) Type of bidding enterprise: Unlimited. (5) The air conditioner brands required for this tender are Gree, Midea, and Haier. Agent bidders need to provide valid authorization for the brands they are bidding on (project authorization is allowed). When the producer bids, the agent's bid is invalid. Other Requirements: Refer to the attachment for details (if necessary). 3.6 For projects that must be tendered according to the law, bidders who are dishonest persons subject to enforcement shall be invalid. 4. Acquisition of Procurement Documents 4.1 All interested bidders are requested to log in to the Ansteel Smart Tendering and Bidding Platform at http://bid.ansteel.cn from 15:15 on August 27, 2025, to 08:00 on September 4, 2025 (Beijing Time, the same hereinafter) to download the electronic procurement documents. Click for Details:

1. Procurement Conditions The procurer of this procurement project, Ansteel Powder Material and Steel (AGGZZBHHD250714223905), is the Tender Management Office of the Procurement and Supply Center of Ansteel Group Engineering and Technology Development Co., Ltd. The funds for this procurement project are self-raised. The project has met the procurement conditions and is now undergoing a public single-round negotiation. 2. Project Overview and Procurement Scope 2.1 Project Name: Ansteel Powder Material and Steel 2.2 Alternative Procurement Method in Case of Failed Procurement: Not applicable 2.3 For details on the procurement content, scope, and scale of this project, please refer to the attached "Material List Attachment.pdf". 3. Bidder Qualification Requirements 3.1 Consortium bidding is not allowed for this procurement. 3.2 For this procurement, the bidder must meet the following qualification requirements: (1) Business license for circulation enterprises (2) Business license for production enterprises 3.3 For this procurement, the bidder must meet the following registered capital requirements: Registered capital for production enterprises: 1 million yuan or above Registered capital for circulation enterprises: 1 million yuan or above 3.4 For this procurement, the bidder must meet the following performance requirements: Performance in supplying similar products after January 1, 2022 (contracts and corresponding invoices). 3.5 For this procurement, the bidder must meet the following capability, financial, and other requirements: Financial requirements: Please refer to the attachment (if necessary) Capability requirements: Please refer to the attachment (if necessary) Other requirements: Please refer to the attachment (if necessary) 3.6 For this procurement, if the project is subject to mandatory tendering according to the law, bids from dishonest persons subject to enforcement are invalid. 4. Acquisition of Procurement Documents 4.1 All interested bidders are requested to log in to the Ansteel Smart Tendering Platform at http://bid.ansteel.cn from 10:30 a.m. on July 14, 2025, to 1:00 p.m. on July 17, 2025 (Beijing time, the same hereinafter) to download the electronic procurement documents. Click to view tender details: 》Ansteel Powder Material and Steel Procurement Announcement

1. Procurement Conditions The purchaser of the cable accessories (AGGZZBHGXHD250613217431) for Sections 1 and 2 of the 32,000-mt project of the Electrical Team of Ansteel Construction & Architecture Branch Co., Ltd. for Jilin Daheishan Molybdenum Co., Ltd. is the Tender Management Office of the Procurement and Supply Center of Ansteel Group Engineering & Technology Development Co., Ltd. The funds for this procurement project are self-raised. The project now meets the procurement conditions and is open for public inquiry and comparison. 2. Project Overview and Procurement Scope 2.1 Project Name: Cable accessories for Sections 1 and 2 of the 32,000-mt project of the Electrical Team of Ansteel Construction & Architecture Branch Co., Ltd. for Jilin Daheishan Molybdenum Co., Ltd. 2.2 Alternative Procurement Method in Case of Failed Procurement: Negotiated procurement 2.3 For details on the procurement content, scope, and scale of this project, please refer to the attachment "Material List Attachment.pdf". 3. Bidder Qualification Requirements 3.1 Consortium bidding is not allowed for this procurement. 3.2 Bidders for this procurement must meet the following qualification requirements: (1) A circulation business license (2) A production business license 3.3 Bidders for this procurement must meet the following registered capital requirements: Registered capital for production entities: 1 million yuan or above Registered capital for circulation entities: 1 million yuan or above 3.4 Bidders for this procurement must meet the following performance requirements: One copy of scanned relevant contracts and corresponding invoices from 2020-2025. 3.5 Bidders for this procurement must meet the following capability, financial, and other requirements: Financial requirements: Please refer to the attachment for details (if necessary). Capability requirements: Please refer to the attachment for details (if necessary). Other requirements: Enterprise qualification documents that have passed the annual inspection must be provided. (1) Scanned copy of the business license (or duplicate); both producers and dealers are acceptable, with a registered capital of at least 1 million yuan (RMB) and having been established for more than one year. (2) Scanned copy of the tax registration certificate (or duplicate) (except for those with a unified three-in-one certificate). (3) Scanned copy of the organization code certificate (or duplicate) (except for those with a unified three-in-one certificate). 3.6 For projects that must be tendered in accordance with the law, bids from dishonest persons subject to enforcement are invalid. 4. Acquisition of Procurement Documents 4.1 Interested bidders are requested to log in to the Ansteel Smart Tendering and Bidding Platform at http://bid.ansteel.cn from 10:00 on June 16, 2025, to 08:00 on June 24, 2025 (Beijing time, the same hereinafter) to download the electronic procurement documents. Click to view tender details: 》Procurement Announcement for Cable Accessories for Sections I and II of the 32,000 mt Project of the Electrical Team of Ansteel Construction Architecture Branch for Jilin Daheishan Molybdenum Co., Ltd.

Procurement Announcement for 66% Chaoyang Iron Ore Concentrates, Phase 4, June 2025 1. Procurement Conditions The procurer of this procurement project, 66% Chaoyang Iron Ore Concentrates, Phase 4, June 2025 (AGCYGTHHD250613217522), is the Materials Procurement Department of Ansteel Group Chaoyang Iron & Steel Co., Ltd. The funds for the procurement project are self-raised. The project has met the procurement conditions and is now open for a single-round negotiation. 2. Project Overview and Procurement Scope 2.1 Project Name: 66% Chaoyang Iron Ore Concentrates, Phase 4, June 2025 2.2 Alternative Procurement Method in Case of Failed Procurement: Switch to Direct Procurement 2.3 For details on the procurement content, scope, and scale of this project, please refer to the attachment "Material List Attachment.pdf". 3. Bidder Qualification Requirements 3.1 Consortium bidding is not allowed for this procurement. 3.2 Bidders for this procurement must meet the following qualification requirements: See the attachment for details (if necessary). 3.3 Bidders for this procurement must meet the following registered capital requirements: Registered capital for production-oriented enterprises: 5 million yuan or above Registered capital for circulation-oriented enterprises: 50 million yuan or above 3.4 Bidders for this procurement must meet the following performance requirements: Attachment 2: Access Elements for Iron Ore Concentrates Suppliers 3.5 Bidders for this procurement must meet the following capability, financial, and other requirements: Financial requirements: See the attachment for details (if necessary). Capability requirements: See the attachment for details (if necessary). Other requirements: See the attachment for details (if necessary). 3.6 For projects that must undergo tendering in accordance with the law, bids from dishonest persons subject to enforcement are invalid. 4. Acquisition of Procurement Documents 4.1 Interested bidders are requested to log in to the Ansteel Smart Tendering & Bidding Platform at http://bid.ansteel.cn to download the electronic procurement documents from 19:00 on June 13, 2025, to 13:00 on June 17, 2025 (Beijing time, the same hereinafter). Click to view tender details: 》Procurement Announcement for 66% Chaoyang Iron Ore Concentrates, Phase 4, June 2025

Procurement Announcement for Open Inquiry and Comparison Procurement of Low-Magnesium Limestone Powder for Chaoyang Iron & Steel in Q3 2025 1. Procurement Conditions The procurer of this procurement project, Open Inquiry and Comparison Procurement of Low-Magnesium Limestone Powder for Chaoyang Iron & Steel in Q3 2025 (AGCYGTHGXHD250611216680), is the Administrative Management Center of Ansteel Group Chaoyang Iron & Steel Co., Ltd. The funds for this procurement project are self-raised. The project now meets the procurement conditions and is open for public inquiry and comparison. 2. Project Overview and Procurement Scope 2.1 Project Name: Open Inquiry and Comparison Procurement of Low-Magnesium Limestone Powder for Chaoyang Iron & Steel in Q3 2025 2.2 Alternative Procurement Methods in Case of Failed Procurement: Switch to direct procurement or negotiated procurement 2.3 For details on the procurement content, scope, and scale of this project, please refer to the attached file "Material List Attachment.pdf". 3. Bidder Qualification Requirements 3.1 Consortium bidding is not allowed for this procurement. 3.2 Bidders for this procurement must meet the following qualification requirements: (1) Production-oriented business license 3.3 Bidders for this procurement must meet the following registered capital requirements: Registered capital for production-oriented enterprises: 5 million yuan or above 3.4 Bidders for this procurement must meet the following performance requirements: For details, please refer to the attached Access Conditions and Bidding Instructions for Suppliers. 3.5 Bidders for this procurement must meet the following capability, financial, and other requirements: Financial requirements: For details on the bidder's registered capital, please refer to the attached Access Conditions. Capability requirements: For details, please refer to the Bidding Instructions for Suppliers. Other requirements: For details, please refer to the attached Access Conditions and Bidding Instructions for Suppliers. 3.6 For projects that must be tendered according to law, bids from dishonest persons subject to enforcement are invalid for this procurement. 4. Acquisition of Procurement Documents 4.1 Interested bidders are requested to log in to the Ansteel Smart Tendering & Bidding Platform at http://bid.ansteel.cn from 09:00 on June 12, 2025, to 08:00 on June 25, 2025 (Beijing time, the same hereinafter) to download the electronic procurement documents. Click to view tender details: 》Procurement Announcement for Open Inquiry and Comparison Procurement of Low-Magnesium Limestone Powder for Chaoyang Iron & Steel in Q3 2025

A reporter exclusively learned from China Reform Holdings Corporation Ltd. (hereinafter referred to as "China Reform") that China Reform announced the issuance of 23 billion yuan in special bonds to support investment in major projects under the "implementation of major national strategies and the development of security capabilities in key areas" and the "program of large-scale equipment upgrades and consumer goods trade-ins." The "implementation of major national strategies and the development of security capabilities in key areas" refers to the implementation of major national strategies and the development of security capabilities in key areas. The "program of large-scale equipment upgrades and consumer goods trade-ins" refers to large-scale equipment upgrades and consumer goods trade-ins. Since 2024, China has vigorously implemented the policies related to the "implementation of major national strategies and the development of security capabilities in key areas" and the "program of large-scale equipment upgrades and consumer goods trade-ins" to stimulate domestic demand potential and provide support for promoting economic rebound and improvement. The Central Economic Work Conference at the end of 2024 clearly stated the need to "intensify and expand the scope of the implementation of the 'program of large-scale equipment upgrades and consumer goods trade-ins' policy" and "provide greater support for 'implementation of major national strategies and the development of security capabilities in key areas' projects." According to a reporter from Caixin, since 2024, to drive central state-owned enterprises to make every effort to stabilize growth, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) decided to support China Reform in issuing 300 billion yuan in special bonds for stabilizing growth and expanding investment in batches to inject capital into relevant central state-owned enterprises. The first batch of 30 billion yuan in special bonds was implemented in 2024, and this is the second batch of special bonds being issued. It is understood that the special bonds for stabilizing growth and expanding investment are mainly used to support investment in projects under the "implementation of major national strategies and the development of security capabilities in key areas" and the "program of large-scale equipment upgrades and consumer goods trade-ins," including investment in major equipment upgrades and technological transformations, major scientific and technological innovation projects, and major strategic emerging industries. In recent years, the proportion of direct financing in China's social financing structure has been relatively low, with social financing overly relying on bank credit, which is prone to accumulating systemic risks. As an effective way of allocating financial resources in the past, indirect financing has shown certain limitations in serving the development of the real economy under the power transformation in the stage of high-quality development. As a national-level capital operation platform, China Reform, as learned by a reporter from Caixin, has currently established 10 actively managed funds, including the China State-owned Capital Venture Capital Fund, the Central State-owned Enterprise Operation Fund, the Science and Technology Innovation Fund, the Double Hundred Fund, the State-owned Enterprise Reform Science and Technology Fund, the Comprehensive Reform Pilot Fund Group, and the China Reform High-level Talent Fund. By contributing 29.3 billion yuan in paid-in capital to these funds, it has driven the raising of over 87 billion yuan in funds and led the investment in over 100 projects, driving over 90 billion yuan in social capital. Recently, under the direct guidance of SASAC, a special fund for the development of strategic emerging industries of central state-owned enterprises and the China Reform Venture Capital Fund have been established, with a total scale of 60 billion yuan, to provide greater support for central state-owned enterprises to accelerate the development of strategic emerging industries and future industries. A representative from China Reform told a reporter from Caixin that China Reform continues to provide long-term and stable financial support to science and technology innovation enterprises. As of the end of April 2025, it has invested a cumulative total of over 346 billion yuan in strategic emerging industries, deploying a number of leading enterprises in fields such as semiconductors, memory chips, new energy batteries, and biotechnology. "We have increased investment in the 'bottleneck' areas of key core technologies in strategic emerging industries, with cumulative investment in original technology source projects exceeding 67 billion yuan, achieving full coverage of investment in the first batch of 29 central state-owned enterprises that are original technology sources. The amount invested in projects of central state-owned enterprises with long industry chains is nearly 40 billion yuan," said China Reform Holdings Corporation. A reporter from Cailian Press also learned that China Reform Holdings Corporation has supported major reforms of state-owned enterprises through direct investment services, implementing the deployment requirements of the SASAC. It has invested over 260 billion yuan in a market-oriented and professional manner to support the establishment of new central state-owned enterprises, the diversification of equity in central state-owned enterprises, strategic restructuring, specialized integration, and the prevention and resolution of risks in relevant enterprises. For example, it has participated in the establishment of new central state-owned enterprises such as PipeChina, China Green Development Group, and China Electrical Equipment Group, supported the restructuring of Ansteel Group and Bensteel Group, participated in the equity diversification reform of China Eastern Airlines Group, and supported the return of core assets of central state-owned enterprises such as China Telecom, China Mobile, and CNOOC to A-share IPOs. It has become an important shareholder of central state-owned enterprises and their affiliated enterprises, appointed directors to the enterprises it holds shares in, and played a "key minority" role in decision-making on major issues. Since 2023, amid a relatively sluggish capital market and weak investor expectations, China Reform Holdings Corporation has strengthened counter-cyclical investment and provided support by actively increasing its holdings or announcing share purchases, firmly safeguarding the value of publicly listed firms of central state-owned enterprises and playing the role of a "stabilizer" for the value of central state-owned enterprises. It has made concentrated investments in publicly listed firms of central state-owned enterprises in the technology sector on the secondary market on a "large-scale, high-proportion, and long-term" basis, investing in a cumulative total of 341 publicly listed firms of central state-owned enterprises involving 77 central state-owned enterprise groups. Actively becoming an active shareholder of 10 publicly listed firms controlled by central state-owned enterprises through market-oriented means and appointing directors, it has played a key role as an active shareholder in governance optimization, mechanism innovation, strategic synergy, and other aspects through targeted strategies. It has collaborated with central state-owned enterprises to carry out mergers and acquisitions in strategic emerging industries on the secondary market, vigorously promoting the strengthening and extension of the industry chains of central state-owned enterprises and enhancing their control and competitiveness. On April 7, the A-share market experienced a significant decline. A reporter from Cailian Press learned that, as an important strategic force in maintaining the stability of the capital market, China Reform Holdings Corporation immediately took action, firmly optimistic about the development prospects of China's capital market, and announced that it would increase its holdings of stocks of central state-owned enterprises, technology innovation stocks, and ETFs through special relending for stock repurchases and shareholding increases, with an initial amount of 80 billion yuan, demonstrating the responsibility and commitment of the operating company.

Recently, the 0.8mm titanium pickling coil developed by Panzhihua Iron & Steel Group Xichang Panxin Vanadium-Titanium Metal Materials Co., Ltd. (hereinafter referred to as "Panxin Vanadium-Titanium") was successfully rolled off the production line. This product not only sets a new record for the thinnest specification of titanium pickling processed by Panzhihua Iron & Steel Group, but also marks a key technological leap forward in the high-end titanium processing sector for the Group. Since 2025, Panxin Vanadium-Titanium has focused on process upgrades and quality improvements, accelerating the iteration of product technologies and the development of new products. To overcome the bottleneck in processing thin-gauge titanium materials, the company established a special pickling task force, collaborating with technical teams such as the Panzhihua Iron & Steel Group Research Institute. Through a series of innovative measures, they overcame multiple technical barriers in continuous production. In terms of technological innovation, Panxin Vanadium-Titanium constructed a three-dimensional control system integrating "process parameters + equipment operation + quality monitoring," combined with an intelligent mapping model of "process parameters + quality indicators," achieving precise control over the entire production process. The company developed six core technologies, including precise weld seam control, dynamic tension compensation, and intelligent acid circulation, pushing the titanium coil pickling process beyond the 1mm design limit of the equipment unit and achieving a dual improvement in production efficiency and quality. Upon detection, the 0.8mm pickled titanium product rolled off the line achieved a 100% qualification rate, with a comprehensive finished product rate of 98.5% and a surface defect rate below 3%, surpassing the internationally accepted full-length control standard of 5%. A series of data highlights Panzhihua Iron & Steel Group's leading strength in the high-end titanium processing sector. According to the project leader, during the technological development process, the R&D team systematically refined a technical specification system of 15 key process standards, providing reliable technical support for the subsequent development of ultra-thin-gauge products and further promoting the application of Panzhihua Iron & Steel Group's titanium materials in high-end markets such as nuclear power, aviation, and marine engineering. Currently, Panxin Vanadium-Titanium has joined forces with institutions such as the Institute of Metal Research, Chinese Academy of Sciences, to launch the second phase of the technological breakthrough plan, focusing on the R&D of laser cleaning as an alternative to pickling processes. This technological innovation aims to drive the titanium processing industry towards greener and smarter upgrades, injecting new momentum into the construction of Ansteel Group's core supporting capabilities as the leader of the titanium and new materials industry chain. The breakthrough in the 0.8mm titanium pickling technology represents a significant milestone for Panzhihua Iron & Steel Group in the high-end titanium sector. Looking ahead, Panzhihua Iron & Steel Group will continue to prioritize innovation-driven development, deepen technological upgrades and product iterations, and contribute more "Panzhihua Iron & Steel Group solutions" to the high-quality development of China's titanium industry.

Capacity-wise, the domestic alkaline electrolyzer market maintained 35.77GW this week with no new capacity additions. On deliveries, mid-week, Jizhong Electric (Yangzhou) Hydrogen Equipment Co., Ltd. successfully delivered a 1,000 Nm³/h alkaline water electrolysis hydrogen production system, including a 1,000 Nm³/h electrolyzer, separation skid, purification skid, and supporting equipment such as water-alkali tanks. Last Wednesday, Sany Hydrogen delivered a 200 Nm³/h PEM water electrolysis hydrogen refueling station customized for an Australian client. LONGi Hydrogen delivered two 1,000 Nm³/h electrolyzers to Australia, while Wolong INNERGY delivered one megawatt-level AEM electrolyzer, though the delivery destination remains unconfirmed. ASN Hydrogen delivered one 1,000 Nm³/h alkaline electrolyzer to Australia, while Hypertac Hydrogen delivered one 1,000 Nm³/h unit to a green hydrogen project in Jilin. For PEM electrolyzers, HydroVolt delivered one 50 Nm³/h unit to Europe last week. As of March 20, 2025, domestic companies (including overseas deliveries) had delivered a total of 10MW of alkaline electrolyzers (data sourced from public information). Regarding electrolyzer orders, as of this week, Mingyang Hydrogen won a bid for a 50 Nm³/h alkaline water electrolysis hydrogen production system for the Liupanshan Laboratory. The third batch of auxiliary equipment (hydrogen production system) procurement for the Shaanxi Coal Xinyang 2×1,000MW high-efficiency ultra-supercritical unit project announced Beijing Power Equipment Group as the bid winner, supplying one 1,000 Nm³/h alkaline electrolyzer. Additionally, LONGi Hydrogen recently signed an agreement with Saudi Arabia's NEOM to supply electrolyzers for the world's largest single green hydrogen project, confirming at least one 2,000 Nm³/h alkaline electrolyzer order. By April 10, 2025, at least 47 orders for 1,000 Nm³/h units and one 2,000 Nm³/h alkaline electrolyzer had been confirmed, including 10 units for Xingong Green Hydrogen, 16 for Sungrow Hydrogen, 12 for CRRC Zhuzhou, eight for Sany Hydrogen, and one for Beijing Power Equipment Group. Policy Updates On May 23, the State Council executive meeting reviewed and passed the "Green and Low-Carbon Development Action Plan for Manufacturing Industry (2025-2027)," emphasizing green technology innovation and the promotion of advanced green technologies. Four departments in Shanxi Province jointly issued a notice stating that from June 1, 2025, to May 31, 2027, full subsidies will be provided for highway tolls for hydrogen-powered trucks. The notice also mentioned advancing preliminary work for the 5×1,000 m³ water electrolysis hydrogen production project of Jinan Steel Group. Corporate Updates Xinsichuang Hydrogen Energy partnered with Xinjiang Zhongwei Zhiguang for the Korla Petrochemical Industrial Park project in Bayingolin Mongolian Autonomous Prefecture, Xinjiang , providing 1,000 m³/h ALK high-performance hydrogen production electrolyzer equipment. Hydrogen Green Power and Fengqing Hydrogen Energy plan to jointly invest in the construction of a hydrogen production plant.​ Patent Applications:​ On May 23, Nanjing NARI-RELAYS Electric Co., Ltd. and others applied for a patent titled "Hydrogen Production Power Supply System and Its Control Method";​ Jiangsu Topband Environmental Protection applied for a patent titled "A Cylindrical Electrolyzer Structure";​ Suzhou Xinsichuang Hydrogen Energy applied for a patent titled "An Integrated Device for ALK Electrolyzer Coupled with Hydrogen Separation and Purification".​ On May 28, Nantong Ansizhuo New Energy obtained a patent titled "A Processing Method for Steel Long Screws Used in Electrolyzers for Hydrogen Production Equipment"; Sichuan Xingong Green Hydrogen Technology applied for a patent titled "A Pipeline Vibration Elimination System for Gas-Liquid Separation Systems in Water Electrolysis for Hydrogen Production".​ Cockerill signed a memorandum with Viettel Group to explore the development of an upstream and downstream industry chain for green hydrogen production in Vietnam.​ Technological Advancements​ On May 23, Shenzhen Enleke Environmental Protection Technology obtained a patent titled "An EDI Device for Hydrogen Production in AEM Electrolyzers", which can improve the electrolysis efficiency of AEM electrolyzers. Shanghai Hydrogen Luan Technology unveiled a 200kW-class AEM water electrolysis hydrogen production system at the 2025 China International Hydrogen Energy and Fuel Cell Industry Exhibition. The system boasts advantages such as full-stack localisation, high current density, and the ability to achieve off-grid hydrogen production.​