Core Viewpoint - The company has made significant investments in land and projects to enhance its operational capabilities and expand its market presence, including a new project in Vietnam and a stock incentive plan to attract talent [5][6][8]. Group 1: Company Overview - The company is named Zhejiang Xiasha Precision Manufacturing Co., Ltd. and has undergone changes in its registered capital due to the completion of its stock incentive plan [7][8]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [5]. Group 2: Financial and Investment Activities - The company plans to invest up to 1 billion RMB in a project for the industrialization of core components for intelligent transmission systems, with funding sources including self-owned funds and bank loans [5]. - The company has successfully acquired land in Ningbo for 80.29 million RMB for its new project [5]. - A new investment project in Vietnam aims to produce 1 million sets of precision transmission structure products, with an investment cap of 1.5 million USD [6]. Group 3: Stock Incentive Plan - The company has approved the grant of 850,600 restricted stocks to 107 incentive targets, with the grant date set for July 9, 2025 [6][8]. - The registered capital has been adjusted from 62 million RMB to 62.85 million RMB following the completion of the stock incentive plan [8].

Investment Project Overview - The company has approved a project to purchase land use rights and invest in the "Core Components Industrialization and Equipment Collaborative Development Project" with a total investment not exceeding 1 billion RMB [1][2] - The funding sources for the project include self-owned funds, bank loans, or other financing methods [1] Land Use Rights Acquisition - The company successfully bid for land use rights at a price of 80.29 million RMB for a plot located in Zhenhai District, with a total area of 53,166 square meters [2] - The land is designated for industrial use, specifically for the manufacturing of bearings, gears, and transmission components [2] Contract Details - The contract for the land use rights was signed with the Ningbo Natural Resources and Planning Bureau, with a usage period of 50 years [2] Purpose and Impact of Land Acquisition - The acquisition aligns with the company's development strategy and is expected to optimize production layout, expand capacity, and enhance market share [2] - The project is seen as a positive step for the company's future development [2] Funding and Financial Impact - The funding for the land acquisition comes from the company's own resources, ensuring that it does not adversely affect existing business operations or financial performance [3]