Ningbo Sanxing Medical Electric (601567.SH) subsidiary signs a 175 million yuan overseas operation contract.

Ningbo Sanxing Medical Electric (601567.SH) announced that its subsidiary, Foxx, has signed a contract for the delivery of the AMI smart metering infrastructure with the Polish power bureau. The company will act as the supplier, providing smart meters and communication module products, with a total contract value of 97.2959 million zlotys, approximately 175 million RMB. The contract amount of approximately 175 million RMB accounts for 1.22% of the company's audited operating revenue for the year 2025. The execution of this contract will have a positive impact on the company's operational work and performance, but will not affect the independence of the companys business operations. This contract represents a significant breakthrough for the company in the Polish electricity market. The company won the bid with a comprehensive leading ranking in this project, which is a result of its ongoing efforts to expand into overseas markets, helping to consolidate its advantages in the European electricity business and enhance its competitive capability in overseas markets.