Group 1 - The company has signed a strategic cooperation framework agreement with existing supplier Fujian Heng'erda New Materials Co., Ltd. to enhance collaboration in the development and application of specialized powder high-speed steel materials for cutting tools [1] - The agreement aims to establish a competitive advantage in the industry through technological upgrades and import substitution, with Heng'erda providing testing facilities and technical support based on its decades of production experience [1] - Starting from 2026, Heng'erda is expected to purchase no less than 100 tons of specialized materials annually for five years, totaling at least 600 tons, with the company committing to offer Heng'erda the best procurement prices [1] Group 2 - The board believes that the framework agreement strengthens cooperation with an important client in the supply chain, aligning with the company's strategy to upgrade its products and expand downstream applications [2] - The collaboration is expected to create a "research-validation-optimization" closed loop, enhancing product optimization and allowing the company to gain a leading position in advanced fields through joint investments [2] - The board considers the terms of the framework agreement to be in the overall interest of the company and its shareholders [2]