On December 25, Gelonghui reported that Neusoft Corporation (600718.SH) announced the signing of a contract with Shenyang Metro Group Co., Ltd. (referred to as "Shenyang Metro") to undertake the video surveillance, Broadcasting, PIS system, and BAS system server upgrade project for Line 1 of Shenyang Metro from 2024 to 2027, with a total contract value of 0.124 billion yuan. It is expected that in 2024, based on the above contract, the company's sales of products and Commodities to Shenyang Metro will achieve a total income of 0 million yuan, accounting for approximately 0% of the company's similar trades in 2024. This matter will not result in significant reliance of the company on related parties.
The Shenyang Metro project is an important part of the modern public transport service system in Shenyang City. The signing of the project contract with Shenyang Metro to undertake the video surveillance, Broadcasting, PIS system, and BAS system server upgrade project for Line 1 of Shenyang Metro from 2024 to 2027 is a continuation of the good cooperation with Shenyang Metro in the past and has a positive impact on the company's smart transportation business.