[Shenghui Technology: Signed a 120 million yuan new energy power swap station construction framework agreement] On November 12, Shenghui Technology (300423.SZ) announced that the company signed a "Power Swap Station Construction Framework Cooperation Agreement" with Xinyuan Yicheng Technology (Beijing) Co., Ltd. on November 12, 2026. The agreement is valid for 3 years, and the total scale of the first batch of power swap station construction is approximately 120 million yuan. This agreement is a framework agreement and does not constitute a specific construction contract. There are significant uncertainties in the actual construction scale and revenue recognition. The company stated that the "smart power swap" business segment is still in its early stages and it is expected that this matter will not have a significant impact on this year's operating results.