Delixi New Energy Technology (603032.SH) wholly-owned subsidiary Delixi New Energy Technology in Hangzhou signed a 40 million yuan procurement contract with an affiliated party.

Delixi New Energy Technology (603032.SH) announced that its wholly-owned subsidiary, Delixi New Energy Technology (Hangzhou) Co., Ltd. (referred to as "Delixi New Energy Technology Hangzhou" or "Party B"), has signed a purchase contract with its affiliated company Delixi (Hangzhou) Inverter Co., Ltd. (referred to as "Delixi Inverter Company" or "Party A") and Hangzhou Xizi Group Co., Ltd. (referred to as "Hangzhou Xizi Company" or "Party A"). Party A will supply Party B with "DELIXI" brand or other brand inverters, soft starters, servos, PLCs & HMIs, permanent magnet synchronous motors, and their accessories. Party B will sell these products in overseas markets, and is expected to purchase products worth 30 million RMB from Party A within the contract period. Party A will supply Party B with "Xizi" brand or other brand electric meters, round meter covers, power meters, and their accessories. Party B will sell these products in overseas markets, and is expected to purchase products worth 10 million RMB from Party A within the contract period. The total value of this purchase contract is 40 million RMB.