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CAIGA UAV disclosed in a recent announcement that the company has secured a daily operations contract with a value exceeding RMB 100 million. This substantial agreement represents more than 50% of the company's audited operating revenue from the most recent fiscal year. The focal point of the contract is an unmanned aerial vehicle (UAV) system.
Both contracting parties boast excellent reputations, solid financial standings, and impressive capabilities in fulfilling contractual obligations. The contract will become effective once it is sealed by both parties and signed by their authorized representatives. The exact performance period will be specified in accordance with the contract terms.
Should the contract be executed without any hitches, it is projected to have a favorable impact on the company's operating performance for the year in which the contract is fulfilled.
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