Group 1 - The core project in Qujing is being advanced by a subsidiary of the actual controller, Qujing Maoyuan New Materials Technology Co., Ltd, and is still under construction [2] - The project has a construction period of 360 days, but it is unclear whether this duration refers to the first phase or the total time for phases 1-2 [2] - The company is actively researching solutions to potential competition issues arising from this project and will comply with regulatory disclosure requirements once there is significant progress [2]

Core Viewpoint - The company and its controlling shareholder are committed to addressing industry competition issues in compliance with relevant laws and regulations, ensuring a steady and lawful approach to resolving these matters [1] Group 1 - The company emphasizes the importance of addressing industry competition issues [1] - The company will proceed to resolve competition issues in accordance with legal and regulatory requirements [1] - The company commits to timely information disclosure if any related matters meet disclosure standards [1]