Dongfang Guoxin: Won a 15% share of Package 1 for China Telecom's Token Factory project, not reaching the statutory disclosure threshold
Oriental Guoxin has secured a 15% share of a bid package for China Telecom's Token Factory project. The company stated that this contract does not meet the threshold for mandatory public disclosure according to Shenzhen Stock Exchange rules. Separately, Subaru is adjusting its electrification strategy, slowing down pure electric vehicle development to prioritize hybrid and traditional fuel models due to slower-than-expected EV demand in key markets like the US. AI
IMPACT Oriental Guoxin's contract win indicates ongoing investment in AI infrastructure by major telecom providers, while Subaru's strategy shift highlights market uncertainty for EV adoption.