On December 30, Gelonghui reported that TRIGIANT (01300.HK) announced that on December 27, 2024, China United Network Communications published the selection results of the centralized procurement project for electrical utilities cables (hereinafter referred to as the "Bid Announcement") through its procurement and bidding website. The group's wholly-owned subsidiary, Jiangsu TRIGIANT Technology Co., Ltd., is among the selected candidates, and the specific projects for which it has been pre-awarded are as follows:
2024 China United Network Communications centralized procurement project for electrical utilities cables: The bid quote from TRIGIANT Technology is 1,286,125,978.41 RMB, which is tax-inclusive and includes shipping insurance; TRIGIANT Technology is one of the four selected candidates.
China United Network Communications is one of the group's main clients, and this centralized procurement has a positive impact on the large-scale deployment of new infrastructure for 5G. The announcement period for the bid announcement has ended, with the announcement period running from December 27 to 30, 2024. Investors are advised to make cautious investment decisions and to be aware of investment risks.