Group 1 - The core message highlights that Wangbian Electric's subsidiary, Yunnan Transformer Electric Co., Ltd., won a bid for the traction transformer in the Malaysia East Coast Railway project, with a contract value of 38.12 million yuan, and the project has successfully completed acceptance testing [1] - The Malaysia East Coast Railway is a flagship project under the China-Malaysia "Belt and Road" initiative, spanning 665 kilometers and significantly enhancing connectivity and economic development in the region [1] - The successful acceptance of the traction transformer showcases the company's advanced technology and strong manufacturing capabilities, reflecting its determination and strength in expanding into international markets [2] Group 2 - Wangbian Electric's 2024 annual report indicates that the company has become a leading supplier of 220kV power equipment through the acquisition of Yunnan Transformer Electric, with production capabilities for 500kV transformers, positioning itself in the top tier of the industry [2] - The company has made significant progress in its internationalization strategy, establishing a global sales network covering Southeast Asia, South Asia, the Middle East, and Africa, with plans to set up offices in Laos, Vietnam, and other countries [2] - The company aims to actively promote its "Belt and Road" business layout, focusing on power distribution and control equipment, and is committed to contributing to global railway construction and power equipment sectors [3]