Core Viewpoint - The announcement indicates that Laofengxiang's subsidiary, Laofengxiang Jewelry Research Institute, plans to invest 50 million yuan to establish Shanghai Laofengxiang Jingcai Technology Development Co., Ltd., with a total project investment not exceeding 215 million yuan, aimed at enhancing the gold industry chain and product value [1] Group 1 - The joint investment will be shared among Laofengxiang (70%), Cui Lv Co., and Shanghai Xinpai (15% each) [1] - The project aims to improve the value-added of products and enhance supply chain autonomy [1] - Funding for the project will partially be secured through debt financing [1] Group 2 - The project is still subject to registration and environmental assessments, indicating that it has not yet received final approval [1] - There are uncertainties regarding the project's impact on performance due to potential market and policy risks [1]