Gelonghui May 17 丨 Xiongdi Technology (300546)(300546penntorque3.SZ) announcedpenntorque3On May 14, 2024, the company held a joint meeting with the Ministry of Burkina Faso DE L'ADMINISTRATION TERRITORIALEpenntorque3, DE LA DECENTRALIZATION ET DE LA SECURITY (hereinafter referred to as the "Ministry of State for Land Administration and Decentralization of Burkina Faso")penntorque3The Public-Private Partnership Agreement (PPP Agreement) stipulates that Xiongdi Technology will establish a 100%-owned project company in Burkina Faso. The project company will be the main body of the construction, implementation and operation of the project and will serve as the national government of Burkina Faso. Provide an e-passport system and overall solutions that comply with ICAO international standards. The total contract amount is 19,725,301,005 West African francs (approximately RMB 236.59 million based on the latest exchange rate, based on the final actual confirmed amount), accounting for more than 50% of the company's audited operating income in 2023.
