Jiangsu Luokai Mechanical & Electrical (603829.SH) subsidiary wins bid for China State Grid Fujian Power Supply's 48.19 million yuan electrical procurement project.

Jiangsu Luokai Mechanical & Electrical (603829.SH) announced that its subsidiary Fuzhou Yili has signed a material procurement contract with the buyer, China Southern Power Grid Fujian Province Electric Power Co., Ltd. The total amount of the contract order is approximately 48.1959 million yuan. The above-mentioned contract order will have a positive impact on the company's future business operations, but will not affect the company's independence in operations.