---
title: "SSET: Signed a construction contract worth 24.6838 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257866401.md"
description: "SSET's subsidiary, Shudao Toyota, signed a construction contract worth 24.6838 million yuan with Sichuan Road and Bridge Shengtong Construction Engineering Co., Ltd., involving the technological transformation of the production line for the hydrogen fuel cell intelligent manufacturing base project. The contract duration is 90 days, and the payment cycle includes advance payment, progress payment, settlement payment, and warranty deposit. This transaction is a related party transaction but does not constitute a major asset reorganization. It will help accelerate the construction and production of the hydrogen fuel cell system production line, optimize the industrial layout, and improve operational performance"
datetime: "2025-09-18T08:44:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257866401.md)
  - [en](https://longbridge.com/en/news/257866401.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257866401.md)
generator: "portal-rs"
---

# SSET: Signed a construction contract worth 24.6838 million yuan

SSET announced that its holding subsidiary, Shudao Toyota, signed a construction service contract for the hydrogen fuel cell intelligent manufacturing base project - production line technology transformation with Sichuan Road and Bridge Shengtong Construction Engineering Co., Ltd. The total contract amount, including tax, is 24.6838 million yuan. This transaction is considered a related party transaction but does not constitute a major asset reorganization. The contract duration is 90 days, and the payment cycle includes advance payment, progress payment, settlement payment, and warranty payment. This transaction is beneficial for accelerating the construction and production of the hydrogen fuel cell system production line, positively impacting the company's industrial layout optimization and operational performance improvement

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**