Xi'an Haitian Antenna Technologies Co., Ltd. announced that artificial dielectric lens antenna products (the "Dielectric Lens Antennas") of the Company successfully won the bid for the "China Mobile 2022 Base Station Antenna Centralised Procurement' of China Mobile Communications Co., Ltd. The bid winning notice was issued on 6 May 2022 and a sales contract would be signed accordingly (the "Contract"). The total value of the Contract is approximately RMB 8.42 million (excluding tax)
under which approximately 1,600 units of the Dielectric Lens Antennas shall be supplied. It is the first time for lens antennas being included in the scope of centralised procurement by the three major communication network operators, it represents that lens antenna products have been further recognised
by the market, the industry has broad prospects for development, and market expansion work of the Company has achieved positive results. With the unique features of low energy consumption, large capacity, small size, and low construction and maintenance costs of the Dielectric Lens Antennas, the Company is well prepared for and has confidence to success in the forthcoming procurement activities of major communication network operators, and mobile communication suppliers of system integration and system equipment. The expanded production capacity of the Company is sufficient to complete more sales orders and can contribute more operating income to the Company for the year. The Company will make further announcement regarding business progress as and when appropriate.