Core Viewpoint - The company has successfully acquired land use rights in Shanghai to develop high-quality residential buildings that meet the "good house" standards promoted by the Ministry of Housing and Urban-Rural Development, aligning with national goals for improving construction quality and living standards [1][2]. Group 1: Land Acquisition Details - The company’s subsidiary, Zhejiang Jinggong Steel Structure Group Co., Ltd., has won a bid for a residential land plot in Shanghai, which will be used for developing high-quality residential buildings [1]. - The land was auctioned by the Shanghai Minhang District Planning and Natural Resources Bureau, and there are no related party transactions involved [1]. Group 2: Strategic Impact and Financial Position - The land acquisition allows the company to independently showcase the application of prefabricated construction in the "good house" sector, enhancing the brand's promotion in this field through five key principles: good design, good service, good quality, good construction, and smart buildings [2]. - The funding for the land acquisition and subsequent development will come from the company's own funds, which are currently abundant, ensuring that the financial status and operational results of the company will not be significantly impacted [2].