Group 1 - The company has signed a construction contract with Hunan Bairui for the electric wide-body dump truck and autonomous driving innovation center project, with a total contract value of RMB 99.5 million [1] - The project is located in Xiangtan City, Hunan Province, and aims to enhance the company's research and innovation capabilities in the fields of new energy and autonomous driving technology [1] - Approximately 40% of the net proceeds from the company's fundraising efforts are expected to be used for establishing a manufacturing facility and procuring necessary equipment to improve manufacturing capabilities [1] Group 2 - Hunan Bairui has extensive experience and a good reputation in construction engineering, which is expected to ensure the project is completed on time and to high quality standards [2] - Entrusting the construction work to Hunan Bairui is beneficial for ensuring the smooth progress of the engineering project and safeguarding the company's interests [2]