Ningbo Sanxing Medical Electric's subsidiary wins the bid for the Sudan SEDC smart electric meter project with a contract value of approximately 1.36 billion yuan.

Ningbo Sanxing Medical Electric (601567.SH) announced that its wholly-owned subsidiary, Ningbo Sanxing Intelligent Electric Co., Ltd. (referred to as "Sanxing Intelligent"), has won the bid for the Sudan SEDC smart meter project, with a total contract amount of 17.95 million euros, equivalent to approximately 136 million RMB. The contract amount of approximately 136 million RMB accounts for 1.19% of the company's audited operating income for the year 2023. The fulfillment of the contract will have a positive impact on the company's operational work and financial performance, but will not affect the company's business or operational independence. The signing of this contract is a result of the company's active exploration of overseas markets, and will help the company to continuously improve its overseas business layout and enhance its competitive advantage in overseas markets.