Samsung Electric: Subsidiary expected to win the bid for a South Power Grid project involving approximately 205 million RMB in distribution network equipment.

Samsung Electric announced that its wholly-owned subsidiary, Ningbo Aux Smart Technology Co., Ltd., has been recommended as a candidate for the winning bid in the first batch of framework bidding projects for distribution network equipment by the Southern Power Grid Company in 2026, with an estimated bid amount of approximately 205 million yuan. The company has not yet received the official notice of winning the bid, and there are uncertainties regarding contract performance. Investors are advised to pay attention to investment risks.