On October 22, QuantumCTek made an announcement detailing that its wholly-owned subsidiary, Shanghai QuantumCTek, is set to enter into a sales agreement with its major shareholder, China Telecom Quantum Technology Group. Under this agreement, Shanghai QuantumCTek will supply quantum computers and offer associated technical services for the latter's quantum computing endeavor, with the total estimated value of the contract reaching 64.7727 million yuan. In addition to this, QuantumCTek has also revealed its intention to sign two procurement service agreements with the University of Science and Technology of China. These agreements will entrust the university with the responsibility of designing and developing superconducting quantum chips and quantum-limited signal amplifiers. The estimated values for these two contracts are 3.5 million yuan and 5.4 million yuan, respectively.