According to the Songyuan Safety announcement, Anhui Songyuan, a wholly-owned subsidiary of the company, signed a “supply contract” with the European automobile manufacturer S customer and was designated by Project X to supply them with steering wheels and airbags in Europe. The project has a life cycle of 7 years, with sales of about 691 million yuan. This cooperation is a continuous recognition of the company's products by customers. It will strengthen the company's position in the industry and enhance its influence. However, the actual supply volume is affected by many factors, is uncertain, and is not expected to have a significant impact on revenue and profits.

According to the Songyuan Safety announcement, Anhui Songyuan, a wholly-owned subsidiary of the company, signed a “supply contract” with the European automobile manufacturer S customer and was designated by Project X to supply them with steering wheels and airbags in Europe. The project has a life cycle of 7 years, with sales of about 691 million yuan. This cooperation is a continuous recognition of the company's products by customers. It will strengthen the company's position in the industry and enhance its influence. However, the actual supply volume is affected by many factors, is uncertain, and is not expected to have a significant impact on revenue and profits.