Group 1 - Neusoft Ruixin Group has signed multiple construction contracts with Huayu Construction for projects at its affiliated institutions, including Guangdong College and Chengdu College, with total estimated costs of RMB 98 million and RMB 55 million respectively [1][2] - The Dalian College has also contracted Huayu Construction for the Dalian Ruikang Rehabilitation Hospital project, with an estimated cost of RMB 30 million, and a potential fixed cost not exceeding RMB 33 million after finalizing construction drawings [1][2] - The ongoing expansion of Guangdong College and Chengdu College is driven by a continuous increase in student enrollment, necessitating additional campus space for educational activities [2] Group 2 - Huayu Construction is a first-class general contractor with extensive experience in the construction industry, operating in 11 provincial regions in China, with an annual construction capacity of 1 million square meters and an average annual output value of RMB 1 billion [2] - The partnership with Huayu Construction is strategic for the company, ensuring that construction projects meet the required standards and maintain high quality, as evidenced by previous awards for projects completed by Huayu [2] - The board believes that the contracts with Huayu Construction are beneficial for the company's business development and align with its interests [2]