Group 1 - The company held its second board meeting on July 26, 2025, where it approved a proposal to purchase land use rights and invest in a project [2][3][11] - The total investment for the project, which involves constructing a biodegradable product production base in Changfeng County, Hefei, is capped at RMB 505 million, including land use rights costs [3][11][12] - The project aims to enhance the company's production capacity for biodegradable products, aligning with its strategic development goals and market demand [16][19] Group 2 - The land for the project is approximately 44 acres, with an expected construction area of about 57,000 square meters [12][13] - The company plans to finance the project through its own funds, bank loans, or other financing methods [11][13] - The investment is not classified as a related party transaction or a major asset restructuring under relevant regulations [11][19] Group 3 - The investment is expected to improve the company's competitive edge and support its long-term development strategy [16][19] - The company will need to complete various governmental procedures, including agreements with local authorities and environmental assessments, before proceeding with the project [17][18] - The board meeting's decision was unanimous, with all 7 attending members voting in favor [6][19]