Samsung Electric: Subsidiary signs smart meter project contract with Malaysia TNB, contract amount approximately 158 million RMB

Golden Ten Data June 1 — Samsung Electro-Mechanics announced that its subsidiary has signed a smart meter project contract with Malaysia's TNB Power Authority. As the supplier, the company will provide single-phase and three-phase smart meter products. The contract is valued at approximately 158 million RMB, accounting for 1.10% of the company's audited operating income for 2025. Fulfilling this contract will have a positive impact on the company's operations and performance, but it will not affect the independence of its business or operations. The signing of this contract is the result of the company's active expansion into overseas markets and will benefit the company's ongoing efforts to improve its overseas power supply business layout.