Samsung Medical: Subsidiary Pre-wins Bid for 3.06 Billion Yuan Project of China Southern Power Grid

Samsung Medical announced that its wholly-owned subsidiary, AUX Smart Technology, has been recommended as a candidate for winning the bid in the first batch of framework tenders for distribution network equipment in 2025 by China Southern Power Grid. The estimated bid-winning amount is approximately 306 million yuan. The project includes equipment such as 10kV oil-immersed transformers, 10kV amorphous alloy oil-immersed distribution transformers, and 10kV SCB dry-type transformers. After winning the bid for the aforementioned project, it will have a positive impact on the company's operating performance, but will not affect the independence of its operations. Currently, the company has not yet received the bid-winning notice. The contract duration needs to be determined according to the actual contract requirements, and there is uncertainty regarding the impact on performance.