On October 9, Pingzhi Information (300571.SZ) made an announcement stating that the external portal website of China Telecom's Sunshine Procurement Network had recently issued the "Announcement of Successful Bidders for China Telecom's Tianyi Gateway 4.0 (2023 - 2025) Centralized Procurement Project (Second Round of Inquiry and Comparison)". Shenzhen Zhaoneng Xuntong Technology Co., Ltd., a subsidiary under Pingzhi Information's control (hereinafter referred to as "Shenzhen Zhaoneng"), has been selected as a successful bidder for Lot 2 and Lot 3 of this project.