Shanghai Yanshan Tech subsidiary secures multi-year auto software deal

Shanghai Yanshan Technology Co., Ltd. announced that its controlled subsidiary, Newli Technology (Shanghai) Co., Ltd., has signed a General Pricing Agreement with a leading international automotive parts supplier. The agreement projects sales revenue of approximately RMB 339 million between 2026 and 2030 for providing "forward-looking visual perception algorithms" for a specific vehicle model. This deal is not expected to generate revenue or materially impact the company's operating performance in the current year (2025) but is anticipated to increase future annual business revenue.

The agreement is a framework arrangement, with actual sales amounts dependent on subsequent orders. Newli Technology must complete product development and secure customer acceptance before subsequent deliveries. The project's long implementation period, potential market changes, and macroeconomic fluctuations could lead to uncertainties in sales plans and supply volumes.

The company has fulfilled internal information disclosure exemption procedures, as certain information regarding the counterparty is considered a trade secret and commercially sensitive. Both parties are deemed capable of fulfilling their contractual obligations. Investors are advised to be aware of the inherent risks, including potential project delays, changes, or terminations.