Hongxin Electronics: Subsidiary Signs 2.131 Billion Yuan and 852 Million Yuan Contracts for Computing Power Chips

36Kr reports that Hongxin Electronics announced its wholly-owned subsidiary, Beijing Anliantong Technology Co., Ltd., has signed a product purchase agreement with Company A to acquire high-performance server computing chips, with independent acceptance and billing in batches; the total contract value including tax is 2.131 billion yuan. Additionally, it signed a sales agreement with Company B to purchase high-performance server computing chips for a settlement price of 852 million yuan. Both contracts fall within the approval authority of the company's chairman and do not require board submission, nor do they constitute related-party transactions or major asset restructuring.