GRG Banking (002152) has recently announced that it has been awarded two 'Bid Winning Notices'. The company has successfully secured the contracts for the 'Pilot-scale Base Hardware Construction Project for Artificial Intelligence Applications (Phase I) - Equipment Procurement and Supporting Services' and the 'Pilot-scale Base Software Construction Project for Artificial Intelligence Applications'. The combined contract value amounts to RMB 308 million. Specifically, the hardware project contract is valued at RMB 103 million, while the software project contract stands at RMB 205 million.

The tendering entity for this project is a subsidiary of the controlling shareholder of GRG Banking, which means this transaction qualifies as a related-party transaction. Subsequent approval procedures will be duly carried out; however, it's important to note that this does not constitute a major asset restructuring.

As a strategic initiative driven by the state to seamlessly integrate artificial intelligence with life and health sectors, this project focuses on full-stack localized computing power construction. GRG Banking's successful bid this time is a testament to its core technological strengths. This achievement will not only enable the company to further advance its 'AI in all' strategy but also position it to capitalize on the burgeoning opportunities in the 'AI + life and health' domain. It is anticipated that this project will have a favorable impact on the company's revenue and profitability.