Grg Banking Inks Approximately RMB 185 Million Contract for Biometric Cash Machines in Thailand

Stock News
09/21

Grg Banking Equipment Co., Ltd. (002152.SZ) has announced that its wholly-owned subsidiary, GRG International, recently signed two sales agreements with its distributor SVOA and SVOA's subsidiary DataOne. These contracts cover the supply of digital biometric cash withdrawal machines and cash deposit-and-withdrawal machines for Thailand's GSB Bank, with a combined contract value of approximately RMB 185 million.

This collaboration is expected to further strengthen the company's standing as a leading provider of smart branch equipment and integrated solutions in overseas markets. It also lays a solid foundation for Grg Banking's broader global expansion strategy.

The total value of these newly signed contracts represents roughly 1.53% of the company's audited total operating revenue for fiscal year 2025, and approximately 10.97% of its audited international business revenue for the same period.

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