Finance and Economics APP News, Ningbo Sanxing Medical Electric (601567.SH) announced that the company and its wholly-owned subsidiary, Ningbo Sanxing Asia Vets Electric Co., Ltd. (referred to as "Sanxing Asia Vets"), recently received the bid notification sent by State Grid Corporation of China. The company was awarded the bid in the bidding activities for the "81st batch of procurement in 2024 by State Grid Corporation of China (the third bidding procurement for measuring equipment in marketing projects)" (Bid Number: 0711-24OTL12922023) and the "82nd batch of procurement in 2024 (the second bidding procurement for inventory tendering of charging and discharging equipment in marketing projects)" (Bid Number: 0711-24OTL13122025). The company was the winning bidder for various items including Grade A single-phase smart energy meters, Grade B three-phase smart energy meters, Grade C three-phase smart energy meters, high-end smart energy meters, concentrators and collectors, special transformer collection terminals, and charging equipment, with a total bid amount of approximately 0.23 billion yuan.

The total bid amount of this award is approximately 0.23 billion yuan, accounting for 2.01% of the company's audited total operating income in 2023. The execution of the contract will have a positive impact on the company's business operations and performance, but will not affect the company's business and operational independence.