Group 1: Investor Relations Activities - The company held an earnings briefing on May 20, 2025, from 15:00 to 17:00 at the China Securities Journal Roadshow Center [3] - Participants included the company's chairman, general manager, and financial director, among others [3][4] Group 2: Major Asset Restructuring - The share price for asset acquisition is set at 17.95 CNY per share, which is not less than 80% of the average trading price over the previous 120 trading days [5] - The fundraising share price will be determined post-approval by the Beijing Stock Exchange and the China Securities Regulatory Commission, based on the average price over the previous 20 trading days [5] Group 3: International Expansion - The company has established a dedicated service and sales team in Russia and is actively developing a local agent sales network [6] - The company aims to enhance its presence in the water conservancy and hydropower market, having already supplied equipment for several major projects [6][7] Group 4: Mergers and Acquisitions - The company is in the process of merging with Wuxin Heavy Industry and Xingzhong Technology, which is expected to enhance synergies in tunnel, road, and port construction [8] - The timeline for submission to the Beijing Stock Exchange for approval remains uncertain [8] Group 5: Overseas Business Strategy - The company is focusing on international markets, particularly in the Russian-speaking regions, South America, Africa, and Southeast Asia, with a strategy aligned with the Belt and Road Initiative [9] - The establishment of subsidiaries in Singapore and the launch of a comprehensive marketing strategy are part of the efforts to strengthen global competitiveness [9] Group 6: Investor Communication - The company emphasizes transparent communication with investors through various channels, including regular reports and social media platforms [10][11] - Future plans include organizing investor open days and factory tours to enhance direct engagement [11]