GRG Banking secures two AI projects worth over 308m yuan

GRG Banking Equipment Co., Ltd. (GRG Banking) has been awarded two artificial intelligence projects by Guangdong Electromechanical Equipment Tendering Co., Ltd. The company will be the winning bidder for both the "Artificial Intelligence Application Pilot Base Hardware Construction Project (Phase 1) - Equipment Procurement and Supporting Services" and the "Artificial Intelligence Application Pilot Base Software Construction Project." The combined winning bid amount for these projects totals 308,379,200 yuan.

The tenderer for these projects, Guangzhou Digital Health Technology Co., Ltd., is a wholly-owned subsidiary of GRG Banking's controlling shareholder, Guangzhou Digital Technology Group Co., Ltd. This makes the transactions connected transactions, requiring GRG Banking to complete necessary approval procedures as per stock exchange rules.

The projects focus on AI and life science integration, aiming to boost Guangzhou's AI and health industries. GRG Banking will leverage its aiCore System, Wangdao industry large model, and GRG Banking Smart Cloud technologies to provide foundational support for AI application pilot bases, contributing to the company's "AI in all" strategy. The successful implementation of these projects is expected to positively impact GRG Banking's operating income and profit.