Core Viewpoint - The company, Laibao High-Tech (002106), is progressing with its Microcavity Electronic Paper Display (MED) project in collaboration with local government, with a total planned investment of RMB 9 billion [1] Group 1: Project Overview - The MED project is advancing as planned, with equipment selection and international bidding for key imported equipment underway [1] - The project is expected to have a construction period of 2 years, with the first automatic logistics handling system equipment scheduled to arrive and be installed starting April 16, 2025 [1] Group 2: Financial Details - The total investment for the MED project is RMB 9 billion, with construction investment amounting to RMB 8.3 billion and annual working capital of RMB 700 million upon reaching full production [1] - Equipment investment is estimated at approximately RMB 7.3 billion, subject to final procurement amounts [1] Group 3: Project Risks and Uncertainties - The actual progress of the MED project is influenced by multiple factors, including equipment arrival, installation, debugging, technology, and capacity ramp-up, which introduces a degree of uncertainty [1]