Beijing ABT subsidiary inks $204m sales contract

Beijing ABT Networks (SSE:688168) announced today that its wholly-owned subsidiary, Anbotong International, has entered into a significant sales agreement valued at $204.4 million (approximately RMB 1.492 billion based on a USD/CNY exchange rate of 7.30). The contract, effective immediately upon signing, involves the supply of information and communication infrastructure modules. The company anticipates this agreement will positively impact future earnings, and represents a strategic move to expand its business. While risks related to contract execution and supply exist, Beijing ABT Networks assures investors it will take active measures to ensure successful fulfillment of its obligations.