Elegance Optical (00907) announced that its wholly-owned subsidiary, Jiangsu Shengji Investment Holding Co., Ltd., has been preliminarily selected as a successful bidder in a tender project for non-fuel product suppliers launched by PetroChina Company Limited (601857) Hebei Marketing Branch. The project, titled "2026 Second Batch Provincial Procurement Non-Fuel Product Supplier Selection," identified Jiangsu Shengji as a candidate for the "Supplies Category" segment following evaluation by the bid assessment committee.
According to a public notice of successful bidders published on the PetroChina tender website on March 6, 2026, Jiangsu Shengji was included in the candidate list for this segment. The supply requirements specify that eligible products include the company's core offerings—sunglasses and related daily-use items. This tender aims to pre-qualify suppliers for non-fuel商品 procurement for PetroChina's Hebei operations.
Jiangsu Shengji serves as a key sales platform for the group's eyewear products in mainland China. Its preliminary selection demonstrates its qualification to become an approved supplier of supplies-category goods, including sunglasses, for PetroChina's Hebei branch. Upon final confirmation, the supplier qualification will remain valid until March 2028. Subsequent cooperation will require annual supplier evaluations and contract negotiations based on commercial discussions.
The public notification period for the selection concluded on March 9, 2026. As of the announcement date, Jiangsu Shengji has not yet received a formal qualification notice. The board of directors considers this achievement significant. Following a previous successful entry into PetroChina Liaoning Marketing Branch's supplier pool, this latest qualification represents renewed recognition from the central state-owned enterprise of the quality and comprehensive competitiveness of the group's eyewear products, particularly its sunglasses.
This successful inclusion marks the group's core products gaining access to PetroChina's extensive offline retail network in North China, laying a stronger foundation for market expansion of its main business. It also highlights the replicability and sustainable growth potential of the group's business model, aligning closely with its strategy to expand its eyewear product sales network.
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