HongXin Technology has received a project designation for wheel rims from a domestic automotive brand

According to the announcement from HongXin Technology, the company recently received a "Designation Letter" and a "Purchase Contract" from a certain domestic large-scale OEM's automotive brand, selecting the company as the designated supplier for a certain wheel rim project. The company is required to immediately initiate development work upon receiving the designation letter to ensure the project's milestone requirements. A "Purchase Contract" has also been signed with the company, requiring the company to transport the specified quantity of products to the buyer's designated location before the specified time according to the purchase order requirements