Core Viewpoint - The announcement indicates that Zhujiang Piano (002678) has won the bidding for the operation rights of the Bai Shui Xian Waterfall Scenic Area, which aligns with the company's long-term development goals and strategic layout in the cultural tourism sector [2]. Group 1: Project Details - The company received a notification from the Guangzhou Property Exchange on August 5, 2025, confirming that its subsidiary, Guangzhou Bai Shui Zhai Scenic Area Operation Management Co., Ltd., won the bid for the Bai Shui Xian Waterfall Scenic Area [2]. - The starting resource usage fee for the project is set at 8.43 million yuan per year, with a total investment commitment of no less than 400 million yuan over the 20-year contract period [2]. Group 2: Strategic Implications - This project is seen as a new economic growth point for the company, facilitating its expansion into the cultural tourism sector and enhancing its operational capabilities [2]. - The funding for this project will come from the subsidiary's own resources, ensuring that it will not significantly impact the company's financial status or operational results [2].