On September 27th, Gelonhui announced that Beijing Hanbang Technology Corp. (300449.SZ) won the bid for the 'Bright Project' video surveillance service procurement project of China Mobile Communications Group Ningxia Co., Ltd. in July 2019, and signed a project framework contract and a supplementary agreement on future cooperation development with China Mobile Ningxia Co., Ltd. The company successfully completed the construction and operation services of 30,000 video surveillance routes within the contract period.
On September 27, 2024, the company held the 32nd meeting of the fourth session of the board of directors, approving the 'Proposal on the Proposed Sale of Intelligent Monitoring Assets in Yinchuan by the Company,' aiming to optimize the company's asset structure and resource allocation, reduce operational risks, and achieve high-quality development. The company plans to sell the aforementioned Yinchuan area 30,000 smart monitoring assets ('target assets') to China Mobile Ningxia Co., Ltd., with a maximum sale price of 65.31965 million yuan (including tax). The target assets include front-end 30,000 video surveillance and related fixed assets for backend storage, mainly consisting of monitoring poles, network cameras, switches, servers, storage devices, etc.