Ningbo Sanxing Medical Electric's subsidiary is expected to win a bid of 306 million yuan for a Southern Power Grid tender project.

Ningbo Sanxing Medical Electric (601567.SH) announced that its wholly-owned subsidiary Ningbo AOX Intelligent Technology Co., Ltd. (referred to as "AOX Intelligent Technology") has been recommended as the winning candidate in the first batch of framework bidding projects for the 2025 distribution network equipment of Southern Power Grid Company. The estimated winning amount is approximately 306 million yuan. After winning the above project, the performance of the contract will have a positive impact on the company's business operations and performance, without affecting its independence in operations.