TIANGONG INT'L (00826.HK): Tiangong Aihe wins BEST fusion device shielding system bid, about 4 tonnes of powder metallurgy high-boron steel, RMB2.376 million

NewTimeSpace News: TIANGONG INT'L (00826.HK) announced that on 27 October 2026, Jiangsu Tiangong Aihe Technology Co., Ltd., an indirect subsidiary of the Company, has been selected as the winning bidder for the vacuum vessel lower port shielding system (powder metallurgy high-boron steel) project of Fusion New Energy (Anhui) Co., Ltd. Accordingly, Tiangong Aihe will supply approximately 4 tonnes of powder metallurgy high-boron steel components to Fusion New Energy for use in the compact fusion energy experimental device (BEST device), for a total amount of RMB2.376 million, and will complete manufacturing, processing and delivery within nine months after the contract is signed.

The Board considers that the tender project is a key matter relating to the construction and procurement of the BEST device, and that the Group's successful bid means it will directly serve this major national project, while also marking the Group's formal transition of its powder metallurgy high-boron steel from the material research and development stage to the stage of supplying components for nuclear fusion devices, representing the fusion industry's best recognition of the Group's powder metallurgy high-boron steel products. For the Group, the project is not merely an order but a key platform for completing component-level verification of its powder metallurgy high-boron steel materials on an actual fusion device.

The Board considers that the terms of the project are fair and reasonable and in the interests of the Company and its shareholders as a whole; based on all reasonable enquiries, the customer and its ultimate beneficial owners are third parties independent of the Company and its connected persons. The Company said the announcement is made voluntarily to inform shareholders and potential investors of the Group's latest business developments, and advised investors to exercise caution when dealing in the Company's securities.