Group 1: Investor Relations Activity Overview - The investor relations activity was a specific object survey held on July 22, 2025, at Jiangsu Guangqian Electronics Co., Ltd. [3] - Attendees included representatives from various securities firms and investment funds, with the company represented by the board secretary and a subsidiary's deputy general manager [3][4]. Group 2: Key Company Developments - The Thai factory is expected to start construction in Q3 2025 and commence production in Q3 2026, with an annual capacity of approximately 4 million square meters [5]. - The establishment of the Thai factory aims to meet the needs of major clients who have already set up production capacities in Southeast Asia, facilitating closer delivery and response to customer demands [5]. Group 3: Product Application and Market Trends - In the first half of 2025, automotive electronics accounted for over 40% of the company's revenue, making it the largest application area [6]. - The demand for HDI boards in automotive electronics is projected to grow 3 to 4 times over the next five years, driven by the trend towards intelligent driving [7]. Group 4: Current Product Supply Situation - The company's mass-produced HDI products are primarily used in vehicle intelligent driving applications, including DMS, millimeter-wave radar, and laser radar [8]. - Products are also applied in server auxiliary power supplies, mainly delivered through Taiwanese clients [9].