Sanxing Medical: its wholly-owned subsidiary is expected to win the bid for a project of State Grid Corporation of China, with a total bid amount of approximately 143 million yuan.

On June 19, Samsung Medical announced that its wholly-owned subsidiary Ningbo Aux Smart Technology Co., Ltd. was recently recommended as the candidate for winning the bid in the first joint procurement project for 10kV transformers and complete sets of equipment for 10kV pole-mounted transformers in the East China region in 2025 by State Grid Corporation of China. The total estimated bid amount is about 143 million yuan.