The existing procurement and construction contract between WISON ENGRG and a subsidiary of Lukoil will be terminated before November 21
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WISON ENGRG announced that its existing procurement and construction contract with Lukoil will be terminated before November 21, 2025. This move is due to sanctions imposed by the UK government and the US Treasury on Lukoil. The total receivable amount of the contract is approximately 8.3 billion yuan, and the termination is not expected to have a significant adverse impact on the company's business and financial condition. The company will continue to monitor the situation and assess potential impacts
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