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ST Communications: Subsidiary Signs 400 Million Yuan Server Procurement Contract
ST Communications Announcement: The wholly-owned subsidiary, Dalian Turing Xintong Technology Co., Ltd., has signed a server procurement contract with an overseas supplier, with a total contract amount of $57.7885 million USD, approximately 400 million RMB. The contract pertains to a batch of servers, and the contract becomes effective upon signing and sealing by both parties. The delivery will be made in batches before March 31, 2026. The performance of the contract will have a positive impact on the company’s results.