Yang Electric Technology announced that the company signed a transformer procurement contract with a customer, stipulating that Yang Electric Technology will provide transformers to the customer. The total contract amount (tax included) is 103.2631 million yuan. The company has the ability to fulfill the contract, with funds, personnel, technology, and production capacity all ensuring the smooth execution of the contract. The fulfillment of the contract will have a positive impact on the company's operational performance in 2024. This is the first time the company's americas distribution transformer products have exceeded tens of thousands in a single batch, laying a foundation for the company's future large-scale overseas product expansion.