Group 1: Company Overview - Lisheng Yundong (Shanghai) Sports Technology Co., Ltd. is a leading automotive sports service provider in China, focusing on sports event management, venue operation, marketing services, and digital sports business [2] - In 2025, the company plans to expand into golf events and continue operating the FE China series, with increased efficiency in racetrack operations driven by performance vehicles [2] Group 2: Business Development and Strategy - The company aims to achieve revenue levels in golf similar to its current motorsport business, with a comprehensive industry chain layout planned for golf, including various event IPs and venue operations [2][3] - The company has acquired authorization from the China Golf Association to fully operate the China Men's Professional Golf Tour, indicating a positive outlook for future growth in this sector [2] Group 3: Market Opportunities and Comparisons - Golf events can be benchmarked against overseas tours such as the European Tour and PGA Tour, while motorsport has significant growth potential compared to F1 [3] - The company is exploring expansion into other sports like tennis, cycling, and marathons, while keeping an eye on high-value sports like basketball and football [3] Group 4: Financial and Operational Updates - The company is actively progressing on its Hainan financing project and has repurchased over 1% of its shares, reaching the buyback range of 20 million to 40 million [3] - Future growth will focus on enhancing event value, attracting star athletes, and increasing commercial impact through both internal development and external investments [3]