Group 1 - The company announced the establishment of a joint venture named Suzhou Gaoxin Zhangxin Life Service Technology Co., Ltd. with an initial registered capital of RMB 20 million, with shareholding proportions of 30%, 30%, 15%, 15%, and 10% held by various partners [1] - The initial capital of RMB 20 million will be used to implement and operate a comprehensive membership system, including funding for promotional activities, developing mini-programs, and organizing community life activities [2] - A capital increase agreement was signed for April 25, 2025, where the partners will inject an additional RMB 9 million, RMB 9 million, RMB 4.5 million, RMB 4.5 million, and RMB 3 million into the joint venture, maintaining their respective shareholding ratios [1][2] Group 2 - The strategic investment aims to support the expansion of revenue-generating business lines, particularly in e-commerce and live retail, in response to structural adjustments in the Chinese real estate industry [2] - The company is transitioning from a traditional property service provider to a "city operation service provider," enhancing value creation through data-driven operations and consumer interaction [2] - This strategy is aligned with the company's development direction and benefits all shareholders by strengthening the overall brand image and service capabilities [2]