Hangzhou Arcvideo Technology Co.Ltd(688039) it is announced that the company recently signed a product sales contract (hereinafter referred to as “the contract” or “the contract”) with Yichao (Asia Pacific) Co., Ltd. on “technical fit out for Al Arabi television network wll (lusail tower, Doha Qatar)”, with the contract amount of USD 17931665.76, This contract is a daily operating contract of the company, and the company has fulfilled the internal approval procedures for signing the contract.
The company said that the performance of this contract will have a positive impact on the company’s operating performance in 2022 and help to improve the company’s sustainable profitability and core competitiveness. At the same time, the implementation of this contract will have a positive impact on the company’s expansion of overseas markets.
(source: Shanghai Securities News · China Securities Network)
