The board of directors of China Machinery Engineering Corporation announced that the company entered into a contract with EDF Renewables and Jinko Power Consortium in respect of the Al Dhafra PV2 Solar Power Plant in the Emirate of Abu Dhabi on October 23, 2020, and the Contract was novated to Dhafrah PV2 Energy Company LLC on November 16, 2020. Pursuant to the Contract, the company as the general contractor, the scope of the Project includes the construction of the Al Dhafra PV2 Solar Power Plant in the Emirate of Abu Dhabi and supporting facilities, and will be responsible for the design, supply, construction, warranty, operation and maintenance and other works of the Project. The Contract value amounts to approximately USD 1 billion. As stipulated in the Contract, the Project will commence construction upon the satisfaction of certain conditions precedent. The total construction period of the Project is expected to last for approximately 22 months upon commencement of the construction.