Investment Overview - Zhejiang Langdi Group Co., Ltd. has approved an investment plan to establish a production base in Thailand with a maximum investment amount of RMB 110 million, which includes land purchase and fixed asset construction [2] - The company has completed the establishment registration of Langdi Impeller Machinery (Thailand) Co., Ltd. in November 2024 [2] - In January 2025, the company received the overseas investment certificate and project filing notice from relevant authorities [3] Investment Progress Capital Increase - Langdi Thailand has received an investment approval certificate from the Thailand Board of Investment, and the registered capital has been increased from 5 million THB to 57.5 million THB [4] - The company holds 90% of the shares through its wholly-owned subsidiary Langdi (Singapore) Impeller Machinery Pte. Ltd. and 10% through Langdi (Hong Kong) Impeller Machinery Co., Limited [4] Land Purchase Agreement - The company signed a land sale agreement to purchase industrial land in Chonburi Province, Thailand, covering an area of approximately 10 rai (about 24 acres) [5] - The total price for the land is 43 million THB, with a 50% deposit of 21.5 million THB due within 7 days of signing the contract, and the remaining amount payable upon transfer of ownership [6]