According to Zhutong Finance and Economics APP, Jiangsu Linyang Energy (601222.SH) announced that its wholly-owned subsidiary Jiangsu Linyang Energy Technology (Shanghai) Co., Ltd. (referred to as 'Shanghai Linyang') has signed a supply contract for the smart meter project with Saudi Energy Care Company (referred to as 'Saudi ECC'). Shanghai Linyang will provide smart meter products. The total contract amount is estimated to be 13.6599 million US dollars, approximately equivalent to 96.9853 million yuan (including taxes, converted to RMB at an exchange rate of 7.10).