Core Viewpoint - The company has signed a cooperation agreement with Jinchang Construction Investment Development (Group) Co., Ltd. to jointly establish a 100 MW photovoltaic power station project in Jinchang City, indicating a strategic move into renewable energy [1] Group 1 - The cooperation agreement was signed on November 12, 2025, and involves the establishment of a project company [1] - The registered capital of the project company is 60 million RMB, with the company contributing 57 million RMB for a 95% stake, while Jinchang Construction Investment contributes 3 million RMB for a 5% stake [1]