Core Insights - The company, Jiexun Feihong, has signed a contract with Maziya General Services (Pty) Ltd, amounting to $5.8416 million, approximately 41.77 million RMB, marking a significant milestone in its overseas projects [1] Group 1 - This contract represents the company's first order in the South African market and is the first project with a contract value exceeding 40 million RMB in its overseas direct construction projects [1] - The project aims to upgrade the core railway network in South Africa from GSM-R communication to FRMCS, along with enhancements to the MCX and multimedia dispatch systems, significantly improving railway operational reliability and transportation efficiency [1] - This achievement not only boosts the company's market expansion in the overseas railway communication sector but also enhances its international brand influence, aligning with China's Belt and Road Initiative and deepening infrastructure cooperation between China and Africa [1]