Group 1 - The project involves an annual resource usage fee starting at 8.43 million yuan, with a total investment of no less than 400 million yuan over a 20-year contract period [1] - The project aims to develop and manage the Bai Shui Xian Waterfall Scenic Area, with a goal to achieve national 5A tourist attraction status within five years [1][3] - This marks the first major project won by the company in the scenic area operation sector since establishing a wholly-owned subsidiary in April 2023 [1][3] Group 2 - The company primarily focuses on piano business, with 87.02% of its revenue coming from instrument sales and after-sales services in 2024 [2] - In response to the overall slowdown in the musical instrument industry, the company is pursuing diversification by exploring new sectors such as cultural tourism, home furnishings, and sound and light technology [2] - The chairman of a management company noted that the company's active engagement in the cultural tourism sector will enhance its long-term development and create differentiated tourism services [2]