On June 4, Shenzhen Hopoing Technology Co., Ltd. made an announcement stating that it had secured the Real Estate Ownership Certificate of the People's Republic of China, issued by the Shenzhen Municipal Planning and Natural Resources Bureau. Earlier, on April 28, the company procured 50% stakes in both the land use rights and the on-ground construction project located in Pinghu Subdistrict, Longgang District, via the JD Asset Trading Platform. Coupled with its pre-existing shares, the company now boasts a 100% ownership interest. This particular parcel of land is earmarked for the development of the company's headquarters and R&D base, aligning with its strategic vision of implementing the 'AI End-Side Battery + Solid-State' approach. It's important to note that the project is not without its challenges, as it confronts several risks, including those related to policy, cost, and management. However, these risks are not anticipated to exert a substantial influence on the company's financial performance in the near term.