Group 1: Market Position and Business Model - The electric tool market is large, and the company aims to expand its scale through an "ODM+OBM" dual-driven business model, focusing on both online and offline development [1] - The company has developed a range of products, including 12V and 18V battery packs and chargers, to enhance its product offerings in the electric tool sector [1] - The shift towards lightweight, comfortable, and high-safety lithium battery electric tools positions the company advantageously in the market [1] Group 2: Financial Health and Future Plans - The company currently has a strong financial position with ample funds to support future scale expansion [2] - Plans for share repurchase include using repurchased shares for employee stock ownership or incentive plans within the legal timeframe [2] - The company is prepared to disclose any refinancing needs in accordance with legal requirements as its business scales [2] Group 3: Impact of Tariffs and Operational Adjustments - In response to international tariff changes, the company has adjusted its operations by shifting some orders to its subsidiary in Thailand, which was established in 2018 [2] - The Thai subsidiary is expected to reach full production capacity by the end of 2025, supported by a robust management system and global market capabilities [2] - The company will continue to monitor policy changes and adapt its strategies to ensure long-term stable growth [2]