Subsidiary of MAIYUE TECH (02501) won a bid for a project worth 87.89 million yuan, focusing on the integration of edge computing power into the cloud.

MAIYUE TECH (02501) announced that its wholly-owned subsidiary, Nanning Maiyue Software Co., Ltd., recently successfully won a project through the bidding platform of Guangxi Beibu Gulf Investment Group Co., Ltd (i.e. electronic bidding and procurement system). The project is named the "Computing Power Center Project - Edge Computing Power Cloud Engineering Design, Construction, Operation, and Integrated Procurement", with an estimated total contract value of 87.89 million RMB. According to the winning bid, Nanning Maiyue will provide services including but not limited to providing hardware, software, and computing power as a service solutions to customers. Winning this bid is a key step for the group to implement its artificial intelligence strategy. Through this project, the group aims to become a leading domestic supplier of computing power as a service solutions, allowing more customers to benefit from cost-effective and high-performance computing power services, thereby bringing higher efficiency, convenience, and value creation to their businesses.