Core Viewpoint - The company has signed a labor subcontracting agreement with China Railway Shanghai Engineering Group Fourth Engineering Co., Ltd. for the construction of CRTSⅢ type track slabs for the Shixiong Railway, with a contract value of 107,564,548.00 RMB, which is expected to positively impact the company's performance in 2025 and subsequent years [2][3][24]. Group 1 - The contract is for labor services related to the prefabrication of CRTSⅢ type track slabs for the Shixiong Railway, specifically in the sections of Anguo City and Wuji County [2][5]. - The total duration of the contract is 1,050 days, with a tentative start date of August 14, 2025, and a tentative end date of June 29, 2028 [3][16]. - The contract is classified as a routine operational contract for the company, and it has undergone the necessary internal approval processes without requiring board or shareholder review [4][24]. Group 2 - The contract stipulates that payment will follow a "no advance payment" principle, with payments made after invoicing [12][15]. - The payment structure includes a 70% payment of the current settlement amount, with further payments contingent upon project milestones and completion [13][14]. - The company is recognized as a leading developer of CRTSⅢ type prestressed concrete track slabs, contributing to the "Belt and Road" initiative and the international expansion of Chinese high-speed rail [24]. Group 3 - The signing of the contract is expected to enhance the company's operational stability and competitive edge, thereby improving its profitability [3][24]. - The company maintains that the execution of this contract will not affect its business independence or create dependency on the contracting party [24]. - The contract includes provisions for dispute resolution through arbitration in Tianjin, should any issues arise [22][23].