CheLUTong Technology (Chengdu) Co., Ltd., a fully-owned subsidiary of Genvict Technology, has recently entered into two procurement contracts with suppliers for computing power server components. The transaction values of these contracts stand at RMB 35.3 million and RMB 183 million respectively, culminating in a total deal worth approximately RMB 218 million. This strategic procurement is designed to cater to the operational and developmental requirements of the subsidiary, while also fostering the growth of its burgeoning business ventures. The funds for this procurement are sourced from the company's internal reserves.
